Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 52-Week High – Time to Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $57.52 and last traded at $57.52, with a volume of 15701 shares. The stock had previously closed at $57.07.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm has a market cap of $990.61 million, a price-to-earnings ratio of 11.29 and a beta of 0.77. The firm has a 50-day moving average price of $55.60 and a two-hundred day moving average price of $54.48.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter valued at $94,000. Gateway Wealth Partners LLC lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 98.0% in the first quarter. Gateway Wealth Partners LLC now owns 49,540 shares of the company’s stock valued at $2,757,000 after acquiring an additional 24,518 shares during the last quarter. Cetera Investment Advisers lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 0.7% in the first quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock valued at $4,640,000 after acquiring an additional 563 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 5,639 shares of the company’s stock valued at $314,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 11.6% in the first quarter. Sanctuary Advisors LLC now owns 10,714 shares of the company’s stock valued at $596,000 after acquiring an additional 1,110 shares in the last quarter.

About Invesco S&P Ultra Dividend Revenue ETF

The Invesco S&P Ultra Dividend Revenue ETF (RDIV) is an exchange-traded fund that is based on the S&P 900 Dividend Revenue-Weighted index. The fund selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue. RDIV was launched on Oct 1, 2013 and is managed by Invesco.