Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Large Volume Increase – Here’s Why

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIVGet Free Report) saw strong trading volume on Wednesday . 48,401 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 37,108 shares.The stock last traded at $47.75 and had previously closed at $48.20.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The stock has a market capitalization of $783.92 million, a P/E ratio of 15.17 and a beta of 1.13. The company has a fifty day moving average of $49.21 and a two-hundred day moving average of $49.77.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RDIV. Ameriflex Group Inc. bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter worth approximately $40,000. Bank of Montreal Can lifted its holdings in shares of 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 valued at $89,000 after purchasing an additional 1,085 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at $109,000. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 34.5% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,535 shares of the company’s stock valued at $122,000 after purchasing an additional 650 shares in the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

(Get Free Report)

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.

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