Invesco MSCI USA ETF (BATS:PBUS) Reaches New 52-Week High – Should You Buy?

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 $61.10 and last traded at $61.05, with a volume of 12080 shares changing hands. The stock had previously closed at $60.81.

Invesco MSCI USA ETF Stock Performance

The firm’s fifty day moving average price is $59.40 and its 200 day moving average price is $56.65. The firm has a market cap of $5.45 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 paid a dividend of $0.1748 per share. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted 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 valued at $3,220,000 after buying an additional 5,797 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Invesco MSCI USA ETF during the 3rd quarter worth approximately $660,000. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 10,110 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in Invesco MSCI USA ETF by 4.7% in the third quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock valued at $23,297,000 after acquiring an additional 18,386 shares in the last quarter. Finally, Altus Wealth Group LLC grew its holdings in 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 purchasing an additional 1,850 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.