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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw strong trading volume on Tuesday . 102,740 shares changed hands during trading, an increase of 152% from the previous session’s volume of 40,779 shares.The stock last traded at $49.65 and had previously closed at $49.04.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The firm has a market capitalization of $839.12 million, a PE ratio of 12.00 and a beta of 0.95. The firm has a fifty day moving average price of $49.94 and a 200 day moving average price of $49.17.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

A number of hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 21,227 shares of the company’s stock valued at $1,060,000 after acquiring an additional 590 shares in the last quarter. Sanctuary Advisors LLC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 14.5% during the third quarter. Sanctuary Advisors LLC now owns 6,304 shares of the company’s stock valued at $329,000 after purchasing an additional 799 shares in the last quarter. ORG Partners LLC acquired a new position in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at approximately $51,000. Private Advisor Group LLC lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 194,959 shares of the company’s stock worth $9,736,000 after buying an additional 1,399 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 104,138 shares of the company’s stock valued at $5,200,000 after buying an additional 1,650 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.