Invesco MSCI USA ETF (BATS:PBUS) Reaches New 52-Week High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high on Monday . The company traded as high as $59.97 and last traded at $60.12, with a volume of 30745 shares trading hands. The stock had previously closed at $59.94.

Invesco MSCI USA ETF Stock Up 0.3 %

The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02. The company has a fifty day moving average price of $58.05 and a two-hundred day moving average price of $55.66.

Invesco MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid 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.

Institutional Investors Weigh In On Invesco MSCI USA ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Altus Wealth Group LLC lifted its position in Invesco MSCI USA ETF by 45.9% during the 3rd quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock worth $337,000 after acquiring an additional 1,850 shares during the period. MML Investors Services LLC increased its stake in 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 valued at $3,220,000 after buying an additional 5,797 shares during the period. Private Advisor Group LLC raised its position in 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 buying an additional 9,937 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Invesco MSCI USA ETF by 26,605.3% in the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock valued at $582,000 after purchasing an additional 10,110 shares during the period. Finally, Jane Street Group LLC acquired a new position in Invesco MSCI USA ETF during the 3rd quarter worth approximately $660,000.

About Invesco MSCI USA ETF

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.