Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High Following Dividend Announcement

Invesco MSCI USA ETF (BATS:PBUS)’s share price reached a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as $57.04 and last traded at $56.96, with a volume of 5793 shares trading hands. The stock had previously closed at $57.00.

The newly announced dividend which will be paid on Friday, September 27th. Shareholders of record on Monday, September 23rd will be paid a $0.1748 dividend. The ex-dividend date is Monday, September 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Invesco MSCI USA ETF Price Performance

The stock’s 50 day simple moving average is $55.09 and its 200-day simple moving average is $53.57. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Altus Wealth Group LLC acquired a new position in shares of Invesco MSCI USA ETF during the second quarter worth approximately $219,000. BNP Paribas Financial Markets acquired a new position in shares of Invesco MSCI USA ETF during the first quarter worth approximately $566,000. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco MSCI USA ETF by 6.9% during the first quarter. Axxcess Wealth Management LLC now owns 348,341 shares of the company’s stock worth $18,260,000 after buying an additional 22,626 shares during the last quarter. Capital Asset Advisory Services LLC lifted its holdings in shares of Invesco MSCI USA ETF by 7.3% during the first quarter. Capital Asset Advisory Services LLC now owns 349,513 shares of the company’s stock worth $18,157,000 after buying an additional 23,798 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco MSCI USA ETF by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock worth $35,054,000 after buying an additional 40,836 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.