Invesco MSCI USA ETF (BATS:PBUS) Reaches New 12-Month High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $61.10 and last traded at $61.05, with a volume of 12080 shares. The stock had previously closed at $60.81.

Invesco MSCI USA ETF Stock Up 0.4 %

The firm has a market cap of $5.47 billion, a P/E ratio of 26.67 and a beta of 1.02. The business has a fifty day moving average of $59.18 and a 200 day moving average of $56.50.

Invesco MSCI USA ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.1748 per share. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in Invesco MSCI USA ETF by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock valued at $35,054,000 after acquiring an additional 40,836 shares during the period. Altus Wealth Group LLC acquired a new stake in shares of Invesco MSCI USA ETF during the second quarter worth $219,000. Private Advisor Group LLC acquired a new position in Invesco MSCI USA ETF in the 2nd quarter worth $9,429,000. Envestnet Asset Management Inc. bought a new position in Invesco MSCI USA ETF during the 2nd quarter worth about $2,790,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of Invesco MSCI USA ETF by 11.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 387,479 shares of the company’s stock valued at $21,075,000 after purchasing an additional 39,138 shares during the period.

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.