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

Invesco MSCI USA ETF (BATS:PBUS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $59.75 and last traded at $56.88, with a volume of 22746 shares traded. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Performance

The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 25.62 and a beta of 1.00. The stock’s 50-day simple moving average is $59.96 and its two-hundred day simple moving average is $58.85.

Invesco MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1871 per share. The ex-dividend date was Monday, December 23rd. This is an increase from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in Invesco MSCI USA ETF by 0.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 183,135 shares of the company’s stock worth $10,785,000 after acquiring an additional 462 shares during the last quarter. MML Investors Services LLC grew its position in shares of Invesco MSCI USA ETF by 3.4% during the 4th quarter. MML Investors Services LLC now owns 57,999 shares of the company’s stock worth $3,416,000 after buying an additional 1,909 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco MSCI USA ETF by 5.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 60,299 shares of the company’s stock worth $3,551,000 after buying an additional 3,143 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Invesco MSCI USA ETF by 18.7% in the fourth quarter. Cetera Investment Advisers now owns 60,858 shares of the company’s stock valued at $3,584,000 after buying an additional 9,577 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Invesco MSCI USA ETF by 26,605.3% in the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock valued at $582,000 after acquiring an additional 10,110 shares during 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.