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)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $60.39 and last traded at $60.39, with a volume of 1796 shares traded. The stock had previously closed at $59.66.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The company has a market cap of $1.32 billion, a PE ratio of 11.29 and a beta of 0.77. The firm has a fifty day simple moving average of $58.00 and a 200 day simple moving average of $56.02.

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

Several hedge funds have recently modified their holdings of RDIV. Hilltop Holdings Inc. boosted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 4.3% in the fourth quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock worth $225,000 after acquiring an additional 180 shares during the last quarter. Golden State Equity Partners grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.3% during the 4th quarter. Golden State Equity Partners now owns 60,586 shares of the company’s stock valued at $3,153,000 after buying an additional 186 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock valued at $1,462,000 after buying an additional 271 shares during the period. Comerica Bank increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.8% during the 3rd quarter. Comerica Bank now owns 8,138 shares of the company’s stock worth $424,000 after buying an additional 300 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.3% during the 4th quarter. Kestra Advisory Services LLC now owns 10,757 shares of the company’s stock worth $560,000 after buying an additional 348 shares during the last quarter.

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.