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) shares saw strong trading volume on Friday . 192,453 shares traded hands during trading, an increase of 415% from the previous session’s volume of 37,390 shares.The stock last traded at $52.7740 and had previously closed at $52.55.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.2%

The company’s 50 day moving average is $52.10 and its 200-day moving average is $49.70. The firm has a market capitalization of $850.14 million, a P/E ratio of 11.29 and a beta of 0.94.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 24.2% in the first quarter. Envestnet Asset Management Inc. now owns 44,207 shares of the company’s stock valued at $2,158,000 after buying an additional 8,612 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.9% during the 1st quarter. Private Advisor Group LLC now owns 205,812 shares of the company’s stock worth $10,048,000 after buying an additional 3,829 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 16.5% in the first quarter. J.W. Cole Advisors Inc. now owns 43,032 shares of the company’s stock worth $2,101,000 after purchasing an additional 6,079 shares during the last quarter. Choreo LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter worth about $224,000. Finally, AE Wealth Management LLC boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 1.7% in the first quarter. AE Wealth Management LLC now owns 42,241 shares of the company’s stock valued at $2,062,000 after acquiring an additional 691 shares during 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.