Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Strong Trading Volume – What’s Next?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw strong trading volume on Friday . 21,452 shares traded hands during mid-day trading, a decline of 44% from the previous session’s volume of 38,459 shares.The stock last traded at $48.89 and had previously closed at $48.83.

Invesco S&P Ultra Dividend Revenue ETF Trading Down 0.6 %

The company’s 50 day moving average is $50.54 and its 200 day moving average is $48.75. The company has a market cap of $819.19 million, a PE ratio of 12.00 and a beta of 0.95.

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

Institutional investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth about $51,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter worth approximately $137,000. Good Life Advisors LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at approximately $248,000. Sanctuary Advisors LLC acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at $243,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth $472,000.

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.