Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Hits New 52-Week High – Should You Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIVGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $58.63 and last traded at $58.22, with a volume of 46660 shares trading hands. The stock had previously closed at $58.54.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm’s 50 day moving average price is $55.87 and its two-hundred day moving average price is $54.66. The firm has a market cap of $1.00 billion, a PE ratio of 11.29 and a beta of 0.77.

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

A number of hedge funds have recently made changes to their positions in RDIV. Aventura Private Wealth LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth approximately $55,000. Western Wealth Management LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 1st quarter worth approximately $94,000. Advisory Services Network LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth approximately $95,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 3,150 shares in the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

(Get Free Report)

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.

Further Reading

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