Invesco MSCI USA ETF (BATS:PBUS) Hits New 1-Year High – What’s Next?

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

Invesco MSCI USA ETF Stock Performance

The stock’s fifty day simple moving average is $57.82 and its two-hundred day simple moving average is $55.50. The stock has a market capitalization of $5.32 billion, a P/E ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.1748 dividend. This is an increase 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 hedge funds and other institutional investors have recently bought and sold shares of PBUS. Private Advisor Group LLC acquired a new stake in shares of Invesco MSCI USA ETF in the second quarter valued at about $9,429,000. Envestnet Asset Management Inc. acquired a new stake in Invesco MSCI USA ETF during the 2nd quarter valued at approximately $2,790,000. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco MSCI USA ETF by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock worth $35,054,000 after purchasing an additional 40,836 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Invesco MSCI USA ETF by 11.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 387,479 shares of the company’s stock worth $21,075,000 after purchasing an additional 39,138 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Invesco MSCI USA ETF in the 3rd quarter worth approximately $660,000.

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.