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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIVGet Free Report) shares saw unusually-high trading volume on Thursday . 102,482 shares changed hands during trading, an increase of 79% from the previous session’s volume of 57,363 shares.The stock last traded at $63.42 and had previously closed at $63.81.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.0%

The company’s fifty day moving average price is $61.43 and its 200 day moving average price is $58.21. The company has a market capitalization of $1.40 billion, a P/E ratio of 11.29 and a beta of 0.77.

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

A number of large investors have recently bought and sold shares of RDIV. Goldman Sachs Group Inc. raised its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock valued at $1,462,000 after buying an additional 271 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 57,153 shares of the company’s stock worth $2,735,000 after acquiring an additional 536 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 11.4% in the second quarter. Ameriprise Financial Inc. now owns 218,614 shares of the company’s stock valued at $10,454,000 after acquiring an additional 22,344 shares during the last quarter. Bank of America Corp DE increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the second quarter. Bank of America Corp DE now owns 550,790 shares of the company’s stock valued at $26,355,000 after acquiring an additional 10,160 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after purchasing 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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