Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw strong trading volume on Friday . 21,452 shares changed hands during mid-day trading, a decline of 44% from the previous session’s volume of 38,459 shares.The stock last traded at $48.89 and had previously closed at $48.83.

Invesco S&P Ultra Dividend Revenue ETF Stock Down 0.7 %

The company has a market capitalization of $818.34 million, a PE ratio of 12.00 and a beta of 0.95. The stock’s fifty day simple moving average is $50.58 and its 200-day simple moving average is $48.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RDIV. IFG Advisory LLC boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.0% during the second quarter. IFG Advisory LLC now owns 11,346 shares of the company’s stock valued at $508,000 after acquiring an additional 222 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 21,227 shares of the company’s stock valued at $1,060,000 after acquiring an additional 590 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 14.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,304 shares of the company’s stock worth $329,000 after buying an additional 799 shares during the last quarter. ORG Partners LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the third quarter worth about $51,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.7% in the third quarter. Private Advisor Group LLC now owns 194,959 shares of the company’s stock valued at $9,736,000 after buying an additional 1,399 shares during the period.

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.