Raymond James Financial Inc. Buys Shares of 247,875 Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)

Raymond James Financial Inc. bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 247,875 shares of the company’s stock, valued at approximately $11,960,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter valued at $40,000. Crews Bank & Trust bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter valued at $109,000. Cape Investment Advisory Inc. raised its position 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 valued at $122,000 after purchasing an additional 650 shares in the last quarter. Callan Capital LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter valued at $241,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 14.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,304 shares of the company’s stock valued at $329,000 after acquiring an additional 799 shares during the period.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.7 %

Shares of NYSEARCA:RDIV opened at $49.35 on Thursday. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $42.51 and a 12-month high of $53.02. The business’s fifty day simple moving average is $49.24 and its 200-day simple moving average is $49.73. The company has a market capitalization of $805.89 million, a PE ratio of 15.17 and a beta of 1.13.

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.