Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw unusually-strong trading volume on Friday . Approximately 42,701 shares traded hands during trading, an increase of 18% from the previous session’s volume of 36,231 shares.The stock last traded at $48.46 and had previously closed at $48.79.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The business has a 50 day simple moving average of $49.33 and a two-hundred day simple moving average of $49.70. The firm has a market capitalization of $782.62 million, a P/E ratio of 15.12 and a beta of 1.13.

Invesco S&P Ultra Dividend Revenue ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.4978 dividend. This is a boost from Invesco S&P Ultra Dividend Revenue ETF’s previous dividend of $0.45. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth about $34,000. Whipplewood Advisors LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth approximately $40,000. Bank of Montreal Can boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 144.7% in the fourth quarter. Bank of Montreal Can now owns 1,835 shares of the company’s stock worth $89,000 after buying an additional 1,085 shares in the last quarter. Crews Bank & Trust bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at approximately $109,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 34.5% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,535 shares of the company’s stock worth $122,000 after acquiring an additional 650 shares in 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.