Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sets New 12-Month High at $46.23

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) reached a new 52-week high on Thursday . The stock traded as high as $46.23 and last traded at $46.15, with a volume of 5340 shares trading hands. The stock had previously closed at $45.39.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

The firm has a fifty day moving average price of $45.06 and a two-hundred day moving average price of $44.17. The stock has a market capitalization of $781.88 million, a P/E ratio of 12.00 and a beta of 0.95.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth $32,000. CWM LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth $59,000. PNC Financial Services Group Inc. increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 577.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,643 shares of the company’s stock worth $116,000 after buying an additional 2,253 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth $126,000.

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.