Independent Advisor Alliance Buys Shares of 5,080 Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)

Independent Advisor Alliance purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,080 shares of the company’s stock, valued at approximately $245,000.

Several other large investors also recently added to or reduced their stakes in RDIV. Raymond James Financial Inc. bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth about $11,960,000. Cadence Bank purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at approximately $4,656,000. Kingsview Wealth Management LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth approximately $3,269,000. Onyx Bridge Wealth Group LLC grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 155.8% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 57,969 shares of the company’s stock valued at $2,797,000 after buying an additional 35,309 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Invesco S&P Ultra Dividend Revenue ETF by 83.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,156 shares of the company’s stock valued at $2,954,000 after acquiring an additional 26,867 shares during the period.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

NYSEARCA:RDIV opened at $49.35 on Thursday. The company has a market cap of $805.89 million, a P/E ratio of 15.17 and a beta of 1.13. Invesco S&P Ultra Dividend Revenue ETF has a 1 year low of $42.51 and a 1 year high of $53.02. The stock’s fifty day moving average price is $49.24 and its two-hundred day moving average price is $49.73.

Invesco S&P Ultra Dividend Revenue ETF 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.