Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw strong trading volume on Tuesday . 86,588 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 51,721 shares.The stock last traded at $49.40 and had previously closed at $49.07.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.6 %

The stock has a market cap of $833.03 million, a P/E ratio of 12.00 and a beta of 0.95. The company’s 50 day moving average price is $49.56 and its two-hundred day moving average price is $49.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth approximately $51,000. Crews Bank & Trust purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth $109,000. Good Life Advisors LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at $248,000. Callan Capital LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter valued at $241,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth $243,000.

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.