Invesco MSCI USA ETF (BATS:PBUS) Sets New 12-Month 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 $58.50 and last traded at $58.24, with a volume of 6648 shares traded. The stock had previously closed at $57.95.

Invesco MSCI USA ETF Trading Down 0.2 %

The company’s 50-day moving average price is $56.82 and its two-hundred day moving average price is $54.61. The company has a market cap of $5.20 billion, a P/E 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. Shareholders of record on Monday, September 23rd were issued a dividend of $0.1748 per share. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco MSCI USA ETF

Several hedge funds have recently modified their holdings of the stock. Altus Wealth Group LLC bought a new position in Invesco MSCI USA ETF during the second quarter worth $219,000. BNP Paribas Financial Markets acquired a new stake in shares of Invesco MSCI USA ETF in the 1st quarter valued at about $566,000. Envestnet Asset Management Inc. bought a new stake in Invesco MSCI USA ETF in the 2nd quarter valued at about $2,790,000. Private Advisor Group LLC acquired a new position in Invesco MSCI USA ETF during the 2nd quarter worth approximately $9,429,000. Finally, Axxcess Wealth Management LLC raised its stake in Invesco MSCI USA ETF by 6.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 348,341 shares of the company’s stock worth $18,260,000 after buying an additional 22,626 shares during the period.

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.