Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High – Should You Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high on Monday . The company traded as high as $58.59 and last traded at $58.43, with a volume of 15159 shares changing hands. The stock had previously closed at $58.55.

Invesco MSCI USA ETF Price Performance

The stock has a 50-day simple moving average of $56.62 and a 200-day simple moving average of $54.41. The stock has a market cap of $5.18 billion, a PE ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.1748 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Altus Wealth Group LLC increased its position in shares of 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 acquiring an additional 1,850 shares in the last quarter. Private Advisor Group LLC increased its holdings in Invesco MSCI USA ETF by 5.7% in the 3rd quarter. Private Advisor Group LLC now owns 183,301 shares of the company’s stock valued at $10,521,000 after purchasing an additional 9,937 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Invesco MSCI USA ETF in the 1st quarter valued at $566,000. Axxcess Wealth Management LLC raised its position in Invesco MSCI USA ETF by 6.9% in the first quarter. Axxcess Wealth Management LLC now owns 348,341 shares of the company’s stock valued at $18,260,000 after purchasing an additional 22,626 shares during the period. Finally, Capital Asset Advisory Services LLC lifted its stake in shares of Invesco MSCI USA ETF by 7.3% during the first quarter. Capital Asset Advisory Services LLC now owns 349,513 shares of the company’s stock worth $18,157,000 after purchasing an additional 23,798 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.