Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 52-Week High – What’s Next?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) hit a new 52-week high during trading on Monday . The company traded as high as $60.39 and last traded at $60.39, with a volume of 1796 shares. The stock had previously closed at $59.66.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The business’s 50-day moving average price is $58.00 and its two-hundred day moving average price is $56.02. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilltop Holdings Inc. lifted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 4.3% during the 4th quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock worth $225,000 after purchasing an additional 180 shares during the period. Golden State Equity Partners boosted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.3% during the fourth quarter. Golden State Equity Partners now owns 60,586 shares of the company’s stock worth $3,153,000 after purchasing an additional 186 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock valued at $1,462,000 after purchasing an additional 271 shares during the period. Comerica Bank grew its position 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 period. Finally, Kestra Advisory Services LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.3% in the fourth quarter. Kestra Advisory Services LLC now owns 10,757 shares of the company’s stock valued at $560,000 after purchasing 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.