Gateway Wealth Partners LLC Makes New Investment in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)

Gateway Wealth Partners LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,697 shares of the company’s stock, valued at approximately $1,151,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MONECO Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at about $224,000. PNC Financial Services Group Inc. raised its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 577.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,643 shares of the company’s stock valued at $116,000 after purchasing an additional 2,253 shares during the period. Heartwood Wealth Advisors LLC raised its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.8% in the first quarter. Heartwood Wealth Advisors LLC now owns 687,316 shares of the company’s stock valued at $31,500,000 after purchasing an additional 18,711 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.8% in the first quarter. J.W. Cole Advisors Inc. now owns 32,408 shares of the company’s stock valued at $1,485,000 after purchasing an additional 875 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.0% in the first quarter. Private Advisor Group LLC now owns 213,081 shares of the company’s stock valued at $9,765,000 after purchasing an additional 6,300 shares during the period.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Shares of RDIV opened at $49.72 on Monday. The firm has a market capitalization of $839.27 million, a PE ratio of 12.00 and a beta of 0.95. The company’s 50-day moving average is $48.52 and its 200-day moving average is $46.22. Invesco S&P Ultra Dividend Revenue ETF has a fifty-two week low of $34.64 and a fifty-two week high of $50.41.

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.