Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 1-Year High – What’s Next?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.52 and last traded at $57.52, with a volume of 15701 shares changing hands. The stock had previously closed at $57.07.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.9%

The stock has a market cap of $990.61 million, a PE ratio of 11.29 and a beta of 0.77. The business has a 50 day moving average of $55.60 and a 200-day moving average of $54.48.

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

Institutional investors have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter valued at $94,000. Gateway Wealth Partners LLC boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 98.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 49,540 shares of the company’s stock worth $2,757,000 after purchasing an additional 24,518 shares during the period. Cetera Investment Advisers grew its position in Invesco S&P Ultra Dividend Revenue ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock worth $4,640,000 after purchasing an additional 563 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Invesco S&P Ultra Dividend Revenue ETF by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,639 shares of the company’s stock worth $314,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 11.6% in the first quarter. Sanctuary Advisors LLC now owns 10,714 shares of the company’s stock valued at $596,000 after purchasing an additional 1,110 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.