Invesco MSCI USA ETF (BATS:PBUS) Sets New 12-Month High – Still a Buy?

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

Invesco MSCI USA ETF Price Performance

The business has a 50 day moving average price of $60.18 and a 200 day moving average price of $58.07. The stock has a market capitalization of $5.45 billion, a PE ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PBUS. Commonwealth Equity Services LLC grew its holdings in shares of Invesco MSCI USA ETF by 0.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 183,135 shares of the company’s stock valued at $10,785,000 after buying an additional 462 shares during the last quarter. Altus Wealth Group LLC lifted its position in Invesco MSCI USA ETF by 45.9% in the 3rd quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock valued at $337,000 after acquiring an additional 1,850 shares in the last quarter. MML Investors Services LLC boosted its stake in Invesco MSCI USA ETF by 11.5% during the 3rd quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock valued at $3,220,000 after purchasing an additional 5,797 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of 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 worth $10,521,000 after purchasing an additional 9,937 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of 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 worth $582,000 after purchasing an additional 10,110 shares during the last quarter.

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.