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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.30 and last traded at $64.24, with a volume of 15567 shares traded. The stock had previously closed at $63.36.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The firm has a market capitalization of $1.42 billion, a PE ratio of 11.29 and a beta of 0.77. The firm has a fifty day moving average price of $60.63 and a 200 day moving average price of $57.76.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

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

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.