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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) reached a new 52-week high during trading on Wednesday . The company traded as high as $58.92 and last traded at $58.92, with a volume of 2554 shares trading hands. The stock had previously closed at $58.39.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 1.1%

The stock has a 50 day moving average of $56.51 and a 200 day moving average of $55.08. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77.

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

Large investors have recently added to or reduced their stakes in the company. Hilltop Holdings Inc. increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 4.3% during the fourth quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock valued at $225,000 after purchasing an additional 180 shares during the last quarter. Golden State Equity Partners boosted 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 valued at $3,153,000 after purchasing an additional 186 shares during the period. Goldman Sachs Group Inc. increased its position 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 buying an additional 271 shares during the period. Comerica Bank increased its position 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 buying an additional 300 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 3.3% in the fourth quarter. Kestra Advisory Services LLC now owns 10,757 shares of the company’s stock valued at $560,000 after buying an additional 348 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.