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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw an uptick in trading volume on Tuesday . 102,740 shares changed hands during trading, an increase of 152% from the previous session’s volume of 40,779 shares.The stock last traded at $49.65 and had previously closed at $49.04.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.6 %

The firm’s 50-day simple moving average is $49.88 and its 200 day simple moving average is $49.21. The stock has a market cap of $830.83 million, a P/E ratio of 12.00 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the third quarter worth about $51,000. Crews Bank & Trust bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth about $109,000. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth approximately $243,000. Good Life Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at approximately $248,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at approximately $457,000.

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.