Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Hits New 52-Week High – Should You Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) reached a new 52-week high during trading on Wednesday . The company traded as high as $58.63 and last traded at $58.22, with a volume of 46660 shares traded. The stock had previously closed at $58.54.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The company has a market cap of $1.00 billion, a PE ratio of 11.29 and a beta of 0.77. The firm’s 50 day moving average is $55.87 and its 200-day moving average is $54.66.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several hedge funds and other institutional investors have recently made changes to their positions in RDIV. Aventura Private Wealth LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at approximately $30,000. Assetmark Inc. acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at approximately $55,000. Western Wealth Management LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter valued at approximately $94,000. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at approximately $95,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after buying an additional 3,150 shares during the period.

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.