Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Strong Trading Volume

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw strong trading volume on Tuesday . 95,897 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 39,822 shares.The stock last traded at $50.08 and had previously closed at $49.88.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The company has a market cap of $841.97 million, a PE ratio of 12.00 and a beta of 0.95. The company’s 50 day simple moving average is $48.02 and its two-hundred day simple moving average is $45.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Equity Partners acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter worth approximately $2,045,000. Gateway Wealth Partners LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the second quarter valued at $1,151,000. Kingswood Wealth Advisors LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the second quarter valued at $987,000. Heartwood Wealth Advisors LLC boosted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 2.8% in the first quarter. Heartwood Wealth Advisors LLC now owns 687,316 shares of the company’s stock valued at $31,500,000 after purchasing an additional 18,711 shares during the period. Finally, Cetera Advisors LLC grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 152.3% during the 1st quarter. Cetera Advisors LLC now owns 27,056 shares of the company’s stock worth $1,240,000 after purchasing an additional 16,331 shares in the last quarter.

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.