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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) hit a new 52-week high on Monday . The company traded as high as $62.62 and last traded at $62.57, with a volume of 8494 shares traded. The stock had previously closed at $62.10.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm has a fifty day moving average price of $58.94 and a two-hundred day moving average price of $56.64. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.29 and a beta of 0.77.

Institutional Inflows and Outflows

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

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.