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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw unusually-high trading volume on Wednesday . Approximately 57,286 shares traded hands during trading, an increase of 105% from the previous session’s volume of 27,885 shares.The stock last traded at $48.45 and had previously closed at $48.16.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The stock has a market capitalization of $827.80 million, a P/E ratio of 12.00 and a beta of 0.95. The firm has a fifty day moving average price of $50.02 and a two-hundred day moving average price of $49.05.

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

Large investors have recently made changes to their positions in the company. Heartwood Wealth Advisors LLC boosted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.8% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 708,949 shares of the company’s stock worth $34,207,000 after buying an additional 5,309 shares during the last quarter. Private Advisor Group LLC raised its position in Invesco S&P Ultra Dividend Revenue ETF by 0.7% in the third quarter. Private Advisor Group LLC now owns 194,959 shares of the company’s stock worth $9,736,000 after acquiring an additional 1,399 shares during the period. Raymond James & Associates raised its position in Invesco S&P Ultra Dividend Revenue ETF by 4.4% in the third quarter. Raymond James & Associates now owns 131,241 shares of the company’s stock worth $6,554,000 after acquiring an additional 5,586 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 104,138 shares of the company’s stock worth $5,200,000 after acquiring an additional 1,650 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 93,958 shares of the company’s stock valued at $4,687,000 after acquiring an additional 1,874 shares during the period.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

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.