Invesco MSCI USA ETF (BATS:PBUS) Sets New 12-Month High – Time to Buy?

Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high on Tuesday . The company traded as high as $59.75 and last traded at $61.46, with a volume of 22746 shares. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Up 4.9 %

The business’s 50 day simple moving average is $60.18 and its two-hundred day simple moving average is $58.26. The stock has a market cap of $5.50 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. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1871 per share. The ex-dividend date was Monday, December 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Trading of Invesco MSCI USA ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Altus Wealth Group LLC grew its stake in shares of Invesco MSCI USA ETF by 45.9% during the third 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. BNP Paribas Financial Markets grew its stake in shares of Invesco MSCI USA ETF by 26,605.3% during the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock worth $582,000 after buying an additional 10,110 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco MSCI USA ETF during the third quarter worth $660,000. Independent Advisor Alliance bought a new stake in shares of Invesco MSCI USA ETF during the fourth quarter worth $1,394,000. Finally, MML Investors Services LLC grew its stake in shares of Invesco MSCI USA ETF by 11.5% in the third quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock worth $3,220,000 after purchasing 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.