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 stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $54.36 and last traded at $54.3890, with a volume of 6785 shares. The stock had previously closed at $53.95.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.6%

The firm has a 50-day moving average price of $52.86 and a two-hundred day moving average price of $51.63. The firm has a market cap of $889.73 million, a PE ratio of 11.29 and a beta of 0.94.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDIV. Savvy Advisors Inc. grew its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 5.2% during the fourth quarter. Savvy Advisors Inc. now owns 13,599 shares of the company’s stock worth $708,000 after buying an additional 667 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 5.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 19,502 shares of the company’s stock valued at $1,015,000 after acquiring an additional 936 shares in the last quarter. Heartwood Wealth Advisors LLC raised its holdings in Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 737,112 shares of the company’s stock valued at $38,359,000 after acquiring an additional 13,516 shares during the last quarter. Tactive Advisors LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter valued at about $6,684,000. Finally, Sound View Wealth Advisors Group LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth approximately $265,000.

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.