Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Hits New 12-Month High – Should You Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) reached a new 52-week high during trading on Monday . The stock traded as high as $54.57 and last traded at $54.5060, with a volume of 15344 shares changing hands. The stock had previously closed at $54.39.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The company has a market capitalization of $1.17 billion, a PE ratio of 11.29 and a beta of 0.94. The company’s 50-day simple moving average is $53.30 and its 200-day simple moving average is $52.00.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Institutional investors have recently added to or reduced their stakes in the stock. Golden State Equity Partners lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 0.3% during the 4th quarter. Golden State Equity Partners now owns 60,586 shares of the company’s stock worth $3,153,000 after acquiring an additional 186 shares during the period. Perennial Investment Advisors LLC lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.4% during the second quarter. Perennial Investment Advisors LLC now owns 7,084 shares of the company’s stock worth $339,000 after purchasing an additional 231 shares during the period. WCG Wealth Advisors LLC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 1.0% in the 2nd quarter. WCG Wealth Advisors LLC now owns 25,287 shares of the company’s stock valued at $1,210,000 after buying an additional 253 shares during the last quarter. Intrua Financial LLC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 1.8% in the 2nd quarter. Intrua Financial LLC now owns 14,522 shares of the company’s stock valued at $695,000 after buying an additional 261 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock valued at $1,462,000 after buying an additional 271 shares during the period.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

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.