Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 1-Year High – Here’s Why

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIVGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $54.07 and last traded at $54.1140, with a volume of 9077 shares changing hands. The stock had previously closed at $52.46.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 3.4%

The company’s 50 day moving average is $52.55 and its 200 day moving average is $51.24. The firm has a market capitalization of $895.58 million, a price-to-earnings ratio of 11.29 and a beta of 0.94.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several institutional investors have recently made changes to their positions in the stock. Aventura Private Wealth LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth $95,000. CWM LLC increased its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 27.1% in the second quarter. CWM LLC now owns 2,108 shares of the company’s stock worth $101,000 after purchasing an additional 450 shares during the period. Tower Research Capital LLC TRC raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth about $209,000.

About Invesco S&P Ultra Dividend Revenue ETF

(Get Free Report)

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.

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