Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sets New 1-Year High – What’s Next?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares reached a new 52-week high during trading on Monday . The company traded as high as $62.62 and last traded at $62.57, with a volume of 8494 shares. The stock had previously closed at $62.10.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 1.5%

The firm has a market capitalization of $1.40 billion, a PE ratio of 11.29 and a beta of 0.77. The company has a fifty day moving average price of $59.20 and a two-hundred day moving average price of $56.78.

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

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

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.