Invesco MSCI USA ETF (BATS:PBUS) Reaches New 1-Year High – What’s Next?

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $59.75 and last traded at $60.28, with a volume of 22746 shares trading hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Performance

The company has a 50-day moving average of $60.07 and a 200-day moving average of $57.73. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco MSCI USA ETF in the 2nd quarter valued at about $2,790,000. Capital Asset Advisory Services LLC grew its holdings in shares of Invesco MSCI USA ETF by 4.5% during the fourth quarter. Capital Asset Advisory Services LLC now owns 428,705 shares of the company’s stock worth $25,504,000 after buying an additional 18,433 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Invesco MSCI USA ETF by 4.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock valued at $23,297,000 after buying an additional 18,386 shares during the last quarter. Jane Street Group LLC bought a new stake in Invesco MSCI USA ETF in the 3rd quarter valued at approximately $660,000. Finally, BNP Paribas Financial Markets boosted its position in Invesco MSCI USA ETF by 26,605.3% during 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.

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.