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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw unusually-high trading volume on Thursday . Approximately 1,081,964 shares were traded during mid-day trading, an increase of 1,660% from the previous session’s volume of 61,490 shares.The stock last traded at $57.83 and had previously closed at $57.72.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

The stock’s fifty day moving average is $56.94 and its 200-day moving average is $55.36. The stock has a market capitalization of $993.88 million, a PE ratio of 11.29 and a beta of 0.77.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in RDIV. Aventura Private Wealth LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth $30,000. Assetmark Inc. purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth $55,000. Western Wealth Management LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the first quarter worth $94,000. Advisory Services Network LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth approximately $95,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 during the period.

About Invesco S&P Ultra Dividend Revenue ETF

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.