Invesco MSCI USA ETF (BATS:PBUS) Reaches New 52-Week High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $59.75 and last traded at $59.67, with a volume of 22746 shares. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Price Performance

The business’s 50 day moving average is $60.14 and its 200-day moving average is $57.82. The company has a market cap of $5.39 billion, a PE ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

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

Institutional Trading of Invesco MSCI USA ETF

Several institutional investors have recently modified their holdings of the stock. Altus Wealth Group LLC lifted its position in shares of Invesco MSCI USA ETF by 45.9% during the 3rd quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock worth $337,000 after buying an additional 1,850 shares during the last quarter. MML Investors Services LLC increased its stake in Invesco MSCI USA ETF by 11.5% in the 3rd quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock valued at $3,220,000 after buying an additional 5,797 shares during the period. Private Advisor Group LLC boosted its position in shares of Invesco MSCI USA ETF by 5.7% during the 3rd quarter. Private Advisor Group LLC now owns 183,301 shares of the company’s stock worth $10,521,000 after purchasing an additional 9,937 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of 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 purchasing an additional 10,110 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco MSCI USA ETF during the 3rd quarter worth $660,000.

Invesco MSCI USA ETF Company Profile

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.