Invesco MSCI USA ETF (BATS:PBUS) Hits New 1-Year High – What’s Next?

Invesco MSCI USA ETF (BATS:PBUS)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $59.97 and last traded at $60.12, with a volume of 30745 shares. The stock had previously closed at $59.94.

Invesco MSCI USA ETF Price Performance

The company has a market cap of $5.40 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02. The business’s fifty day moving average price is $58.29 and its 200 day moving average price is $55.80.

Invesco MSCI USA ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.1748 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Invesco MSCI USA ETF by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock valued at $35,054,000 after purchasing an additional 40,836 shares during the period. Axxcess Wealth Management LLC raised its holdings in Invesco MSCI USA ETF by 4.7% during the 3rd 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 during the period. Private Advisor Group LLC lifted its position in shares of Invesco MSCI USA ETF by 5.7% during the third quarter. Private Advisor Group LLC now owns 183,301 shares of the company’s stock worth $10,521,000 after acquiring an additional 9,937 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of 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 during the period. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Invesco MSCI USA ETF in the second quarter valued at $2,790,000.

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.