QRG Capital Management Inc. Makes New Investment in Invesco S&P Ultra Dividend Revenue ETF $RDIV

QRG Capital Management Inc. acquired a new position in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,458 shares of the company’s stock, valued at approximately $453,000. QRG Capital Management Inc. owned 0.06% of Invesco S&P Ultra Dividend Revenue ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC increased its position in Invesco S&P Ultra Dividend Revenue ETF by 11.3% in the first quarter. Rise Advisors LLC now owns 3,085 shares of the company’s stock worth $151,000 after purchasing an additional 312 shares during the period. Choreo LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the first quarter worth about $224,000. Integrity Alliance LLC. acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the first quarter worth about $243,000. Geneos Wealth Management Inc. increased its position in Invesco S&P Ultra Dividend Revenue ETF by 6.7% in the first quarter. Geneos Wealth Management Inc. now owns 5,469 shares of the company’s stock worth $267,000 after purchasing an additional 344 shares during the period. Finally, Summit Financial LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the first quarter worth about $295,000.

Invesco S&P Ultra Dividend Revenue ETF Stock Down 2.7%

Shares of RDIV stock opened at $49.98 on Friday. The stock has a 50-day moving average price of $51.23 and a 200 day moving average price of $48.57. The firm has a market cap of $808.68 million, a price-to-earnings ratio of 11.29 and a beta of 1.09. Invesco S&P Ultra Dividend Revenue ETF has a 12 month low of $41.50 and a 12 month high of $53.02.

Invesco S&P Ultra Dividend Revenue ETF 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.