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

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw unusually-strong trading volume on Friday . Approximately 42,701 shares traded hands during trading, an increase of 18% from the previous session’s volume of 36,231 shares.The stock last traded at $48.46 and had previously closed at $48.79.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The stock has a market capitalization of $782.78 million, a price-to-earnings ratio of 15.12 and a beta of 1.13. The company has a fifty day simple moving average of $49.34 and a 200 day simple moving average of $49.70.

Invesco S&P Ultra Dividend Revenue ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.4978 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco S&P Ultra Dividend Revenue ETF’s previous dividend of $0.45.

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

Hedge funds have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 1.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,690 shares of the company’s stock worth $1,336,000 after purchasing an additional 272 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.1% in the 4th quarter. Wealthspire Advisors LLC now owns 38,403 shares of the company’s stock valued at $1,853,000 after buying an additional 403 shares during the period. J.W. Cole Advisors Inc. increased its position in Invesco S&P Ultra Dividend Revenue ETF by 1.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 36,953 shares of the company’s stock valued at $1,783,000 after buying an additional 469 shares in the last quarter. MML Investors Services LLC raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 1.5% during the 4th quarter. MML Investors Services LLC now owns 34,164 shares of the company’s stock worth $1,648,000 after buying an additional 517 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 3.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,758 shares of the company’s stock worth $905,000 after acquiring an additional 552 shares in the last quarter.

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.