Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high on Monday . The company traded as high as $59.18 and last traded at $58.99, with a volume of 9145 shares. The stock had previously closed at $58.81.

Invesco MSCI USA ETF Trading Up 0.3 %

The company’s fifty day moving average is $57.65 and its 200-day moving average is $55.38. The firm has a market capitalization of $5.29 billion, a P/E ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PBUS. Altus Wealth Group LLC bought a new stake in Invesco MSCI USA ETF during the 2nd quarter valued at 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. Jane Street Group LLC bought a new stake in shares of Invesco MSCI USA ETF in the third quarter valued at approximately $660,000. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco MSCI USA ETF in the second quarter worth $2,790,000. Finally, MML Investors Services LLC increased its position in Invesco MSCI USA ETF by 11.5% during the third quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock worth $3,220,000 after acquiring an additional 5,797 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.