Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 52-Week High – Still a Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s share price hit a new 52-week high on Thursday . The company traded as high as $54.07 and last traded at $54.1140, with a volume of 9077 shares traded. The stock had previously closed at $52.46.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 3.4%

The firm has a 50 day moving average of $52.55 and a 200 day moving average of $51.24. The firm has a market cap of $895.58 million, a price-to-earnings ratio of 11.29 and a beta of 0.94.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perennial Investment Advisors LLC lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.4% in the second quarter. Perennial Investment Advisors LLC now owns 7,084 shares of the company’s stock valued at $339,000 after purchasing an additional 231 shares in the last quarter. WCG Wealth Advisors LLC lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 1.0% during the 2nd quarter. WCG Wealth Advisors LLC now owns 25,287 shares of the company’s stock valued at $1,210,000 after acquiring an additional 253 shares in the last quarter. Intrua Financial LLC boosted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 1.8% during the 2nd quarter. Intrua Financial LLC now owns 14,522 shares of the company’s stock worth $695,000 after acquiring an additional 261 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock worth $1,462,000 after acquiring an additional 271 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.8% in the third quarter. Comerica Bank now owns 8,138 shares of the company’s stock valued at $424,000 after purchasing an additional 300 shares during the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

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.