(RDIV) Invesco S&P Ultra Dividend - Ratings and Ratios

The Invesco S&P Ultra Dividend Revenue ETF (RDIV) is an exchange-traded fund that tracks a specific index, investing at least 90% of its assets in the constituent securities. The underlying index is designed to capture the performance of S&P 900 Index companies with positive revenue, providing a unique blend of dividend income and revenue growth.

The funds investment strategy focuses on the S&P 900 Index, a broad representation of the US stock market, comprising large-cap, mid-cap, and small-cap stocks. By targeting companies with positive revenue, the index provider aims to create a portfolio that balances dividend yield with revenue stability. As a non-diversified fund, RDIV may exhibit higher volatility compared to its diversified counterparts.

Analyzing the funds recent price action, we observe a relatively stable trend, with the 20-day simple moving average (SMA) at $47.27, closely aligned with the last price of $47.32. The 50-day SMA at $46.50 indicates a potential support level, while the 200-day SMA at $48.18 suggests a longer-term resistance. The average true range (ATR) of 0.58, equivalent to 1.22%, implies moderate volatility.

Considering the funds assets under management (AUM) of $782.28 million, we can infer that RDIV has a reasonable level of liquidity, allowing investors to enter or exit positions without significantly impacting the market price. Furthermore, the ETFs mid-cap value category suggests that it may be an attractive option for investors seeking a balance between growth and income.

Based on the technical and fundamental data, our forecast suggests that RDIV may experience a short-term consolidation phase, potentially trading within the range of $46.50 to $48.18. However, if the S&P 900 Index continues to exhibit positive revenue growth, RDIV may benefit from the underlying trend, driving the price towards the 52-week high of $51.70. Conversely, a decline in revenue growth or a market correction may lead to a retest of the 52-week low of $42.44.