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

Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $59.75 and last traded at $60.28, with a volume of 22746 shares changing hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Price Performance

The stock has a market cap of $5.40 billion, a P/E ratio of 26.67 and a beta of 1.02. The company has a fifty day moving average price of $60.01 and a 200 day moving average price of $57.66.

Invesco MSCI USA ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued 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 Investors Weigh In On Invesco MSCI USA ETF

Several hedge funds and other institutional investors have recently modified their holdings of PBUS. Envestnet Asset Management Inc. bought a new stake in shares of Invesco MSCI USA ETF during the second quarter valued at approximately $2,790,000. Private Advisor Group LLC boosted its position in shares of Invesco MSCI USA ETF by 5.7% during the third quarter. Private Advisor Group LLC now owns 183,301 shares of the company’s stock valued at $10,521,000 after buying an additional 9,937 shares during the last quarter. Altus Wealth Group LLC boosted its position in shares of Invesco MSCI USA ETF by 45.9% during the third quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock valued at $337,000 after buying an additional 1,850 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Invesco MSCI USA ETF by 4.7% during the third quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock valued at $23,297,000 after buying an additional 18,386 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Invesco MSCI USA ETF by 26,605.3% during 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 during the last quarter.

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.