Invesco MSCI USA ETF (BATS:PBUS) Reaches New 1-Year High – Here’s Why

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Monday . The stock traded as high as $58.10 and last traded at $58.50, with a volume of 6237 shares traded. The stock had previously closed at $58.05.

Invesco MSCI USA ETF Price Performance

The firm’s fifty day moving average is $55.77 and its 200 day moving average is $54.07. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.1748 dividend. 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Altus Wealth Group LLC bought a new stake in Invesco MSCI USA ETF during the 2nd quarter worth about $219,000. BNP Paribas Financial Markets bought a new stake in Invesco MSCI USA ETF during the 1st quarter worth about $566,000. Envestnet Asset Management Inc. bought a new stake in Invesco MSCI USA ETF during the 2nd quarter worth about $2,790,000. Private Advisor Group LLC bought a new stake in Invesco MSCI USA ETF during the 2nd quarter worth about $9,429,000. Finally, Commonwealth Equity Services LLC bought a new stake in Invesco MSCI USA ETF during the 1st quarter worth about $9,442,000.

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.