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

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw unusually-high trading volume on Friday . Approximately 980,931 shares were traded during 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 Stock Down 0.2%

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

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

A number of large investors have recently bought and sold shares of RDIV. LPL Financial LLC increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 683,779 shares of the company’s stock worth $35,584,000 after purchasing an additional 47,484 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 61.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 113,908 shares of the company’s stock valued at $5,928,000 after purchasing an additional 43,324 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 10.9% during the fourth quarter. Wells Fargo & Company MN now owns 407,745 shares of the company’s stock valued at $21,219,000 after purchasing an additional 40,199 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 108.2% in the first quarter. Janney Montgomery Scott LLC now owns 63,520 shares of the company’s stock worth $3,536,000 after purchasing an additional 33,006 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 53.7% in the fourth quarter. Stifel Financial Corp now owns 92,971 shares of the company’s stock worth $4,838,000 after purchasing an additional 32,469 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.