Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sets New 12-Month High – Time to Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) reached a new 52-week high on Monday . The company traded as high as $62.62 and last traded at $62.57, with a volume of 8494 shares traded. The stock had previously closed at $62.10.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.7%

The company has a market cap of $1.38 billion, a PE ratio of 11.29 and a beta of 0.77. The stock has a 50 day moving average price of $58.94 and a 200 day moving average price of $56.64.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilltop Holdings Inc. increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 4.3% in the 4th quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock worth $225,000 after acquiring an additional 180 shares in the last quarter. Golden State Equity Partners boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.3% during the fourth 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock worth $1,462,000 after purchasing an additional 271 shares during the period. Comerica Bank grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 3.8% in the third quarter. Comerica Bank now owns 8,138 shares of the company’s stock worth $424,000 after purchasing an additional 300 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.3% during the fourth quarter. Kestra Advisory Services LLC now owns 10,757 shares of the company’s stock valued at $560,000 after purchasing an additional 348 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.