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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIVGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock 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 Price Performance

The business’s 50-day simple moving average is $60.82 and its two-hundred day simple moving average is $57.89. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several large investors have recently bought and sold shares of RDIV. Assetmark Inc. bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth about $55,000. Western Wealth Management LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter valued at approximately $94,000. Advisory Services Network LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth approximately $95,000. Tower Research Capital LLC TRC boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock worth $160,000 after buying an additional 3,150 shares during the period. Finally, Essex Financial Services Inc. bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 1st quarter worth approximately $207,000.

About Invesco S&P Ultra Dividend Revenue ETF

(Get Free Report)

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.

Further Reading

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