Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sets New 52-Week High – What’s Next?

by · The Cerbat Gem

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $54.36 and last traded at $54.3890, with a volume of 6785 shares trading hands. The stock had previously closed at $53.95.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The company has a 50 day moving average of $52.86 and a 200-day moving average of $51.63. The stock has a market cap of $889.73 million, a price-to-earnings ratio of 11.29 and a beta of 0.94.

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

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

Invesco S&P Ultra Dividend Revenue ETF Company Profile

(Get Free Report)

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.

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