Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 1-Year High – Time to Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.56 and last traded at $53.4910, with a volume of 42294 shares trading hands. The stock had previously closed at $52.79.

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

The stock’s 50-day moving average price is $52.21 and its 200 day moving average price is $50.46. The company has a market cap of $864.19 million, a P/E ratio of 11.29 and a beta of 0.94.

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

A number of hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at about $95,000. CWM LLC boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 27.1% during the 2nd quarter. CWM LLC now owns 2,108 shares of the company’s stock valued at $101,000 after purchasing an additional 450 shares during the period. Rise Advisors LLC grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 11.3% in the 1st quarter. Rise Advisors LLC now owns 3,085 shares of the company’s stock valued at $151,000 after buying an additional 312 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after buying an additional 3,150 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth approximately $209,000.

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.