Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Large Volume Increase – Still a Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw an uptick in trading volume on Friday . 980,931 shares were traded during mid-day trading, an increase of 1,468% from the previous session’s volume of 62,560 shares.The stock last traded at $63.0740 and had previously closed at $63.26.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The firm has a market cap of $1.39 billion, a P/E ratio of 11.29 and a beta of 0.76. The company’s 50-day simple moving average is $61.81 and its 200 day simple moving average is $58.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDIV. Citadel Advisors LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth approximately $989,000. Western Wealth Management LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF in the first quarter worth $94,000. Gateway Wealth Partners LLC boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 98.0% during the first quarter. Gateway Wealth Partners LLC now owns 49,540 shares of the company’s stock worth $2,757,000 after buying an additional 24,518 shares during the period. Cetera Investment Advisers boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock worth $4,640,000 after buying an additional 563 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Invesco S&P Ultra Dividend Revenue ETF by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,639 shares of the company’s stock valued at $314,000 after acquiring an additional 1,014 shares during the last quarter.

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.