Invesco MSCI USA ETF (BATS:PBUS) Sets New 52-Week High – Should You Buy?

Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Thursday . The company traded as high as $59.75 and last traded at $59.59, with a volume of 22746 shares. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Trading Up 2.7 %

The company has a 50 day simple moving average of $59.89 and a two-hundred day simple moving average of $57.43. The firm has a market capitalization of $5.39 billion, a P/E ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.1871 per share. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco MSCI USA ETF

Hedge funds have recently bought and sold shares of the stock. Altus Wealth Group LLC increased its holdings in shares of Invesco MSCI USA ETF by 45.9% in the third quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock worth $337,000 after purchasing an additional 1,850 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Invesco MSCI USA ETF by 26,605.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock worth $582,000 after acquiring an additional 10,110 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco MSCI USA ETF during the 3rd quarter worth approximately $660,000. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco MSCI USA ETF during the 2nd quarter worth approximately $2,790,000. Finally, MML Investors Services LLC boosted its position in shares of Invesco MSCI USA ETF by 11.5% during the 3rd quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock valued at $3,220,000 after acquiring an additional 5,797 shares during the last quarter.

About Invesco MSCI USA ETF

The Invesco PureBeta MSCI USA ETF (PBUS) is an exchange-traded fund that is based on the MSCI USA index. The fund tracks a market-cap-selected and -weighted index of mid and large-cap US stocks. PBUS was launched on Sep 22, 2017 and is managed by Invesco.