Invesco MSCI USA ETF (BATS:PBUS) Reaches New 12-Month High Following Dividend Announcement

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $44.78 and last traded at $44.27, with a volume of 4659 shares changing hands. The stock had previously closed at $44.41.

The newly announced dividend which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 19th will be issued a $0.1422 dividend. The ex-dividend date of this dividend is Monday, September 18th.

Invesco MSCI USA ETF Price Performance

The company has a market capitalization of $2.46 billion, a P/E ratio of 22.58 and a beta of 0.98. The stock’s 50 day moving average is $44.71 and its 200-day moving average is $42.82.

Institutional Trading of Invesco MSCI USA ETF

Institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in Invesco MSCI USA ETF by 84.9% in the 1st quarter. UBS Group AG now owns 625 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Invesco MSCI USA ETF during the first quarter valued at approximately $79,000. AdvisorNet Financial Inc lifted its position in Invesco MSCI USA ETF by 263.1% during the first quarter. AdvisorNet Financial Inc now owns 5,907 shares of the company’s stock valued at $241,000 after purchasing an additional 4,280 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Invesco MSCI USA ETF by 3,931.0% in the first quarter. Advisor Group Holdings Inc. now owns 7,417 shares of the company’s stock worth $338,000 after purchasing an additional 7,233 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Invesco MSCI USA ETF by 511.3% in the 3rd quarter. Royal Bank of Canada now owns 11,388 shares of the company’s stock worth $407,000 after buying an additional 9,525 shares during 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.