ProVise Management Group LLC Cuts Stock Holdings in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV)

ProVise Management Group LLC decreased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,421 shares of the company’s stock after selling 1,109 shares during the period. ProVise Management Group LLC’s holdings in Invesco S&P Ultra Dividend Revenue ETF were worth $243,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at approximately $32,000. 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. PNC Financial Services Group Inc. boosted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 577.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,643 shares of the company’s stock valued at $116,000 after buying an additional 2,253 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at approximately $137,000. Finally, MONECO Advisors LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at approximately $224,000.

Invesco S&P Ultra Dividend Revenue ETF Stock Down 0.4 %

Shares of NYSEARCA:RDIV opened at $49.91 on Friday. The business’s 50 day moving average is $48.34 and its 200 day moving average is $46.02. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $34.64 and a 12-month high of $50.41. The stock has a market cap of $842.44 million, a price-to-earnings ratio of 12.00 and a beta of 0.95.

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.