Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw unusually-strong trading volume on Wednesday . Approximately 57,286 shares were traded during trading, an increase of 105% from the previous session’s volume of 27,885 shares.The stock last traded at $48.45 and had previously closed at $48.16.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 1.0 %

The stock has a market capitalization of $821.21 million, a PE ratio of 12.00 and a beta of 0.95. The stock’s fifty day simple moving average is $50.11 and its 200-day simple moving average is $49.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDIV. ORG Partners LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at $51,000. Sanctuary Advisors LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at about $243,000. Good Life Advisors LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth about $248,000. International Assets Investment Management LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter worth about $457,000. Finally, Ashton Thomas Securities LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF in the third quarter worth about $472,000.

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.