Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Unusually-High Trading Volume

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) shares saw unusually-strong trading volume on Thursday . Approximately 12,442 shares changed hands during mid-day trading, a decline of 70% from the previous session’s volume of 40,864 shares.The stock last traded at $44.44 and had previously closed at $44.49.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.7 %

The firm has a market capitalization of $756.56 million, a price-to-earnings ratio of 12.00 and a beta of 0.95. The firm has a fifty day moving average price of $44.97 and a 200 day moving average price of $44.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RDIV. Anchor Investment Management LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. raised its position 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 purchasing an additional 2,253 shares during the last quarter. Planned Solutions Inc. bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth approximately $126,000. Sanctuary Wealth Management L.L.C. raised its position in Invesco S&P Ultra Dividend Revenue ETF by 11.9% in the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 2,938 shares of the company’s stock worth $128,000 after purchasing an additional 312 shares during the last quarter. Finally, Carson Advisory Inc. bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth approximately $223,000.

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.