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

Invesco MSCI USA ETF (BATS:PBUS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.75 and last traded at $60.70, with a volume of 22746 shares changing hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Up 3.7 %

The business’s 50 day moving average price is $59.89 and its 200-day moving average price is $57.50. The company has a market cap of $5.44 billion, a PE ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.1871 per share. This is an increase from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco MSCI USA ETF

Large investors have recently modified their holdings of the business. Altus Wealth Group LLC lifted its stake in shares of Invesco MSCI USA ETF by 45.9% in the third 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of Invesco MSCI USA ETF by 26,605.3% in the 3rd 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco MSCI USA ETF during the 3rd quarter valued at approximately $660,000. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco MSCI USA ETF during the second quarter worth approximately $2,790,000. Finally, MML Investors Services LLC grew its position in shares of 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 buying 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.