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

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $59.75 and last traded at $60.88, with a volume of 22746 shares trading hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Price Performance

The business’s 50 day moving average price is $60.18 and its 200 day moving average price is $58.07. The stock has a market capitalization 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 announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.1871 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from Invesco MSCI USA ETF’s previous dividend of $0.17.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Several hedge funds and other institutional investors have recently modified their holdings of PBUS. Private Advisor Group LLC increased its position in 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 valued at $10,521,000 after acquiring an additional 9,937 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of Invesco MSCI USA ETF by 45.9% during the 3rd 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 during the period. Axxcess Wealth Management LLC increased its position in shares of 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 purchasing an additional 18,386 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 10,110 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Invesco MSCI USA ETF in the third quarter worth approximately $660,000.

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.