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 an uptick in trading volume on Tuesday . 102,740 shares changed hands during mid-day trading, an increase of 152% from the previous session’s volume of 40,779 shares.The stock last traded at $49.65 and had previously closed at $49.04.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm has a fifty day moving average of $49.88 and a 200-day moving average of $49.21. The stock has a market capitalization of $830.83 million, a price-to-earnings ratio of 12.00 and a beta of 0.95.

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

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 14.5% during the third quarter. Sanctuary Advisors LLC now owns 6,304 shares of the company’s stock worth $329,000 after buying an additional 799 shares in the last quarter. Stifel Financial Corp increased its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 14.3% in the 3rd quarter. Stifel Financial Corp now owns 27,319 shares of the company’s stock worth $1,364,000 after purchasing an additional 3,425 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 83.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,156 shares of the company’s stock valued at $2,954,000 after purchasing an additional 26,867 shares in the last quarter. ORG Partners LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth about $51,000. Finally, HighTower Advisors LLC grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 2.0% in the third quarter. HighTower Advisors LLC now owns 93,958 shares of the company’s stock worth $4,687,000 after purchasing an additional 1,874 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.