Envestnet Portfolio Solutions Inc. Takes $231,000 Position in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,297 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds have also recently made changes to their positions in RDIV. Avantax Advisory Services Inc. grew its position in Invesco S&P Ultra Dividend Revenue ETF by 1.6% during the third quarter. Avantax Advisory Services Inc. now owns 58,677 shares of the company’s stock valued at $2,183,000 after buying an additional 914 shares during the period. J.P. Morgan Private Wealth Advisors LLC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 6.6% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 8,826 shares of the company’s stock valued at $328,000 after buying an additional 546 shares during the period. Cadence Bank grew its position in Invesco S&P Ultra Dividend Revenue ETF by 0.8% during the third quarter. Cadence Bank now owns 96,035 shares of the company’s stock valued at $3,572,000 after buying an additional 800 shares during the period. Tower Research Capital LLC TRC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 265.5% during the third quarter. Tower Research Capital LLC TRC now owns 15,870 shares of the company’s stock valued at $590,000 after buying an additional 11,528 shares during the period. Finally, Anchor Investment Management LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at approximately $25,000.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.6 %

Shares of NYSEARCA RDIV opened at $44.87 on Friday. The firm has a 50 day moving average of $44.72 and a 200 day moving average of $43.11. The firm has a market capitalization of $757.41 million, a price-to-earnings ratio of 12.00 and a beta of 0.95. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $34.64 and a 12-month high of $46.05.

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.