Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Hits New 1-Year High – Here’s Why

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.30 and last traded at $64.24, with a volume of 15567 shares changing hands. The stock had previously closed at $63.36.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 1.4%

The stock has a market cap of $1.42 billion, a P/E ratio of 11.29 and a beta of 0.77. The firm’s fifty day moving average is $60.63 and its 200 day moving average is $57.76.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 7.5% during the fourth quarter. LPL Financial LLC now owns 683,779 shares of the company’s stock valued at $35,584,000 after acquiring an additional 47,484 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 61.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 113,908 shares of the company’s stock worth $5,928,000 after acquiring an additional 43,324 shares during the period. Wells Fargo & Company MN lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 10.9% in the 4th quarter. Wells Fargo & Company MN now owns 407,745 shares of the company’s stock worth $21,219,000 after acquiring 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% during the 1st 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 in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 53.7% during the 4th 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 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.