Invesco MSCI USA ETF (BATS:PBUS) Reaches New 1-Year High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high on Monday . The company traded as high as $59.75 and last traded at $60.20, with a volume of 22746 shares changing hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Trading Up 2.0 %

The company has a market capitalization of $6.06 billion, a PE ratio of 27.58 and a beta of 1.00. The business’s 50-day simple moving average is $60.18 and its two-hundred day simple moving average is $58.65.

Invesco MSCI USA ETF Increases Dividend

The firm also recently disclosed 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 positive change from Invesco MSCI USA ETF’s previous dividend of $0.17.

Hedge Funds Weigh In On Invesco MSCI USA ETF

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position 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 in the last quarter. Jane Street Group LLC bought a new position in Invesco MSCI USA ETF during the 3rd quarter valued at $660,000. Independent Advisor Alliance acquired a new position in Invesco MSCI USA ETF during the 4th quarter worth $1,394,000. Altus Wealth Group LLC increased its position in shares of Invesco MSCI USA ETF by 458.1% in the 4th quarter. Altus Wealth Group LLC now owns 32,804 shares of the company’s stock worth $1,932,000 after purchasing an additional 26,926 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of 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 worth $3,220,000 after purchasing an additional 5,797 shares during 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.