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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw an uptick in trading volume on Thursday . 102,482 shares were traded during trading, an increase of 79% from the previous session’s volume of 57,363 shares.The stock last traded at $63.42 and had previously closed at $63.81.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The company has a market capitalization of $1.40 billion, a PE ratio of 11.29 and a beta of 0.77. The stock has a fifty day moving average of $61.21 and a 200 day moving average of $58.13.

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

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 7.5% in the 4th quarter. LPL Financial LLC now owns 683,779 shares of the company’s stock worth $35,584,000 after acquiring an additional 47,484 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 10,160 shares in the last quarter. Wells Fargo & Company MN increased its position in Invesco S&P Ultra Dividend Revenue ETF by 10.9% in the fourth quarter. Wells Fargo & Company MN now owns 407,745 shares of the company’s stock worth $21,219,000 after purchasing an additional 40,199 shares during the last quarter. Ameriprise Financial Inc. raised its stake in 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 valued at $11,485,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 2.4% during the third quarter. Raymond James Financial Inc. now owns 175,021 shares of the company’s stock valued at $9,122,000 after purchasing an additional 4,163 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.