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

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw unusually-strong trading volume on Friday . Approximately 42,701 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 36,231 shares.The stock last traded at $48.46 and had previously closed at $48.79.

Invesco S&P Ultra Dividend Revenue ETF Trading Down 1.1 %

The firm’s 50-day moving average price is $49.34 and its 200 day moving average price is $49.70. The company has a market capitalization of $782.78 million, a price-to-earnings ratio of 15.12 and a beta of 1.13.

Invesco S&P Ultra Dividend Revenue ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.4978 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Invesco S&P Ultra Dividend Revenue ETF’s previous dividend of $0.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new position in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at approximately $40,000. Bank of Montreal Can raised its holdings in Invesco S&P Ultra Dividend Revenue ETF by 144.7% in the 4th quarter. Bank of Montreal Can now owns 1,835 shares of the company’s stock valued at $89,000 after buying an additional 1,085 shares during the last quarter. Crews Bank & Trust acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth approximately $109,000. Finally, Cape Investment Advisory Inc. grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 34.5% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,535 shares of the company’s stock worth $122,000 after acquiring an additional 650 shares during 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.