Raymond James & Associates Increases Stake in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)

Raymond James & Associates boosted its stake in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,655 shares of the company’s stock after purchasing an additional 6,005 shares during the period. Raymond James & Associates owned about 0.74% of Invesco S&P Ultra Dividend Revenue ETF worth $5,629,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 8.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,278 shares of the company’s stock worth $326,000 after purchasing an additional 577 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 87.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,808 shares of the company’s stock valued at $887,000 after buying an additional 9,254 shares during the period. Simplicity Wealth LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at approximately $449,000. CWM LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at approximately $59,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at approximately $987,000.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

RDIV opened at $49.11 on Thursday. Invesco S&P Ultra Dividend Revenue ETF has a 52-week low of $34.64 and a 52-week high of $49.37. The stock has a market capitalization of $828.98 million, a PE ratio of 12.00 and a beta of 0.95. The stock’s 50 day moving average price is $46.78 and its 200-day moving average price is $45.28.

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.