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

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw strong trading volume on Monday . 95,415 shares traded hands during mid-day trading, an increase of 149% from the previous session’s volume of 38,270 shares.The stock last traded at $51.56 and had previously closed at $51.27.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm has a 50 day moving average price of $50.63 and a two-hundred day moving average price of $48.32. The firm has a market capitalization of $865.10 million, a P/E ratio of 12.00 and a beta of 0.95.

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

Several institutional investors have recently bought and sold shares of RDIV. ORG Partners LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth approximately $51,000. CWM LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at about $59,000. Ashton Thomas Private Wealth LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter valued at $137,000. Good Life Advisors LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at about $248,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the second 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.