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 Thursday . The stock 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 1.7 %

The firm has a market cap of $5.34 billion, a PE ratio of 26.67 and a beta of 1.02. The business’s 50-day simple moving average is $59.89 and its 200 day simple moving average is $57.38.

Invesco MSCI USA ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.1871 per share. This is a positive change 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

Several hedge funds and other institutional investors have recently bought and sold shares of PBUS. Envestnet Asset Management Inc. purchased a new position in Invesco MSCI USA ETF in the second quarter valued at about $2,790,000. Axxcess Wealth Management LLC boosted its holdings in shares of 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco MSCI USA ETF in the 3rd quarter valued at about $660,000. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 10,110 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake 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 acquiring an additional 9,937 shares in the last quarter.

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.