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

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

Invesco MSCI USA ETF Stock Up 4.8 %

The company has a market cap of $5.50 billion, a PE ratio of 26.67 and a beta of 1.02. The stock has a 50-day moving average of $59.92 and a 200-day moving average of $57.57.

Invesco MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1871 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Altus Wealth Group LLC raised its stake 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 valued at $337,000 after purchasing an additional 1,850 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 worth $582,000 after buying an additional 10,110 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco MSCI USA ETF during the 3rd quarter valued at $660,000. Envestnet Asset Management Inc. bought a new stake in shares of Invesco MSCI USA ETF during the 2nd quarter worth $2,790,000. Finally, MML Investors Services LLC grew its position in Invesco MSCI USA ETF by 11.5% in the third quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock worth $3,220,000 after acquiring 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.