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

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Monday . The company traded as high as $61.31 and last traded at $60.85, with a volume of 20713 shares trading hands. The stock had previously closed at $61.28.

Invesco MSCI USA ETF Price Performance

The firm has a market cap of $5.45 billion, a P/E ratio of 26.67 and a beta of 1.02. The company’s 50-day moving average is $58.81 and its two-hundred day moving average is $56.22.

Invesco MSCI USA ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Investors 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Altus Wealth Group LLC bought a new position in shares of Invesco MSCI USA ETF in the 2nd quarter valued at $219,000. BNP Paribas Financial Markets boosted its stake 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 buying an additional 10,110 shares in the last quarter. Jane Street Group LLC bought a new position in Invesco MSCI USA ETF in the third quarter valued at about $660,000. Envestnet Asset Management Inc. acquired a new position in Invesco MSCI USA ETF during the second quarter worth about $2,790,000. Finally, MML Investors Services LLC boosted its stake 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 valued at $3,220,000 after purchasing an additional 5,797 shares in the last quarter.

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.