Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Reaches New 12-Month High – Should You Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) hit a new 52-week high during trading on Tuesday . The company traded as high as $52.00 and last traded at $52.00, with a volume of 109 shares trading hands. The stock had previously closed at $51.24.

Invesco S&P Ultra Dividend Revenue ETF Stock Down 1.0 %

The firm has a 50-day moving average of $49.89 and a 200 day moving average of $47.62. The stock has a market capitalization of $856.66 million, a P/E ratio of 12.00 and a beta of 0.95.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RDIV. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at $32,000. ORG Partners LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at $51,000. CWM LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth about $59,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter worth about $137,000. Finally, Sanctuary Advisors LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter valued at about $243,000.

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.