Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Strong Trading Volume – Should You Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw unusually-strong trading volume on Thursday . Approximately 1,081,964 shares traded hands during trading, an increase of 1,660% from the previous session’s volume of 61,490 shares.The stock last traded at $57.83 and had previously closed at $57.72.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm has a market capitalization of $993.88 million, a price-to-earnings ratio of 11.29 and a beta of 0.77. The company has a 50 day moving average price of $56.94 and a two-hundred day moving average price of $55.36.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aventura Private Wealth LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at $30,000. Assetmark Inc. purchased a new position in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at $55,000. Western Wealth Management LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter worth about $94,000. Advisory Services Network LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth about $95,000. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 worth $160,000 after buying an additional 3,150 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.