Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 1-Year High – Still a Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $58.92 and last traded at $58.92, with a volume of 2554 shares changing hands. The stock had previously closed at $58.39.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77. The business’s 50 day simple moving average is $56.51 and its 200-day simple moving average is $55.08.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilltop Holdings Inc. increased its position in Invesco S&P Ultra Dividend Revenue ETF by 4.3% in the 4th quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock valued at $225,000 after acquiring an additional 180 shares during the period. Golden State Equity Partners raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.3% during the 4th quarter. Golden State Equity Partners now owns 60,586 shares of the company’s stock valued at $3,153,000 after acquiring an additional 186 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 0.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock worth $1,462,000 after acquiring an additional 271 shares during the period. Comerica Bank grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.8% in the third quarter. Comerica Bank now owns 8,138 shares of the company’s stock worth $424,000 after purchasing an additional 300 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.3% in the fourth quarter. Kestra Advisory Services LLC now owns 10,757 shares of the company’s stock worth $560,000 after purchasing an additional 348 shares in 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.