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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw unusually-strong trading volume on Friday . Approximately 81,974 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 47,440 shares.The stock last traded at $55.89 and had previously closed at $55.66.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The company’s 50-day moving average price is $55.44 and its two-hundred day moving average price is $53.48. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.29 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RDIV. Aspiriant LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth approximately $700,000. Savvy Advisors Inc. acquired a new position in Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at approximately $674,000. Heartwood Wealth Advisors LLC boosted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 723,596 shares of the company’s stock worth $37,714,000 after buying an additional 12,557 shares in the last quarter. Tactive Advisors LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth approximately $6,684,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 25.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 70,420 shares of the company’s stock valued at $3,698,000 after acquiring an additional 14,459 shares in 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.