Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sets New 1-Year High – Here’s Why

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s share price reached a new 52-week high on Monday . The company traded as high as $60.39 and last traded at $60.39, with a volume of 1796 shares changing hands. The stock had previously closed at $59.66.

Invesco S&P Ultra Dividend Revenue ETF Stock Down 0.5%

The stock has a market cap of $1.31 billion, a PE ratio of 11.29 and a beta of 0.77. The firm has a 50-day simple moving average of $58.13 and a 200-day simple moving average of $56.13.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RDIV. Goldman Sachs Group Inc. boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock worth $1,462,000 after purchasing an additional 271 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 57,153 shares of the company’s stock worth $2,735,000 after buying an additional 536 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 11.4% in the second quarter. Ameriprise Financial Inc. now owns 218,614 shares of the company’s stock worth $10,454,000 after buying an additional 22,344 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the second quarter. Bank of America Corp DE now owns 550,790 shares of the company’s stock worth $26,355,000 after buying an additional 10,160 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in 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 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.