Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Large Volume Increase – Here’s Why

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw an uptick in trading volume on Thursday . 102,482 shares traded hands during trading, an increase of 79% from the previous session’s volume of 57,363 shares.The stock last traded at $63.42 and had previously closed at $63.81.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The stock has a market cap of $1.40 billion, a P/E ratio of 11.29 and a beta of 0.77. The stock’s fifty day moving average is $61.21 and its 200 day moving average is $58.13.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

A number of institutional investors and hedge funds have recently modified their holdings of RDIV. LPL Financial LLC grew its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 683,779 shares of the company’s stock worth $35,584,000 after purchasing an additional 47,484 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 61.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 113,908 shares of the company’s stock valued at $5,928,000 after buying an additional 43,324 shares during the period. Wells Fargo & Company MN boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 10.9% in the 4th quarter. Wells Fargo & Company MN now owns 407,745 shares of the company’s stock valued at $21,219,000 after buying an additional 40,199 shares during the period. Janney Montgomery Scott LLC grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 108.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,520 shares of the company’s stock worth $3,536,000 after acquiring an additional 33,006 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 53.7% in the 4th quarter. Stifel Financial Corp now owns 92,971 shares of the company’s stock worth $4,838,000 after acquiring an additional 32,469 shares in the last quarter.

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.