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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $51.00 and last traded at $51.00, with a volume of 2152 shares traded. The stock had previously closed at $49.95.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 2.0 %

The stock’s 50-day moving average is $49.68 and its 200-day moving average is $47.25. The stock has a market cap of $860.37 million, a price-to-earnings ratio of 12.00 and a beta of 0.95.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth $472,000. Patriot Financial Group Insurance Agency LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at about $4,482,000. J.W. Cole Advisors Inc. raised its holdings in Invesco S&P Ultra Dividend Revenue ETF by 5.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 36,484 shares of the company’s stock worth $1,822,000 after buying an additional 1,818 shares during the period. Private Advisor Group LLC raised its position in Invesco S&P Ultra Dividend Revenue ETF by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 194,959 shares of the company’s stock valued at $9,736,000 after buying an additional 1,399 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 4.4% in the third quarter. Raymond James & Associates now owns 131,241 shares of the company’s stock valued at $6,554,000 after acquiring an additional 5,586 shares during 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.