Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 52-Week High – Here’s Why

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.07 and last traded at $54.1140, with a volume of 9077 shares trading hands. The stock had previously closed at $52.46.

Invesco S&P Ultra Dividend Revenue ETF Trading Down 0.0%

The firm has a 50-day moving average price of $52.63 and a 200 day moving average price of $51.31. The company has a market cap of $889.72 million, a price-to-earnings ratio of 11.29 and a beta of 0.94.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 1.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 723,596 shares of the company’s stock valued at $37,714,000 after purchasing an additional 12,557 shares during the period. Bank of America Corp DE boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the second quarter. Bank of America Corp DE now owns 550,790 shares of the company’s stock valued at $26,355,000 after acquiring an additional 10,160 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 220,340 shares of the company’s stock worth $11,485,000 after purchasing an additional 1,726 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.4% during the 3rd quarter. Raymond James Financial Inc. now owns 175,021 shares of the company’s stock worth $9,122,000 after buying an additional 4,163 shares during the period. Finally, Tactive Advisors LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter valued at about $6,684,000.

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.