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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw unusually-strong trading volume on Friday . Approximately 434,076 shares changed hands during trading, an increase of 719% from the previous session’s volume of 53,014 shares.The stock last traded at $54.2710 and had previously closed at $54.12.

Invesco S&P Ultra Dividend Revenue ETF Trading Down 0.4%

The firm has a market capitalization of $883.73 million, a price-to-earnings ratio of 11.29 and a beta of 0.94. The stock’s fifty day moving average price is $52.89 and its two-hundred day moving average price is $51.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Aventura Private Wealth LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth about $30,000. Advisory Services Network LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at $95,000. CWM LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 27.1% in the 2nd quarter. CWM LLC now owns 2,108 shares of the company’s stock valued at $101,000 after buying an additional 450 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock worth $160,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at $209,000.

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.