Invesco MSCI USA ETF (BATS:PBUS) Hits New 1-Year High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.75 and last traded at $59.62, with a volume of 22746 shares traded. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Up 0.1 %

The business has a 50-day moving average of $60.11 and a 200-day moving average of $58.81. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 27.58 and a beta of 1.00.

Invesco MSCI USA ETF Increases Dividend

The firm 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. The ex-dividend date was Monday, December 23rd. This is a positive change from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Trading of Invesco MSCI USA ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Axxcess Wealth Management LLC increased its holdings 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 acquiring an additional 18,386 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Invesco MSCI USA ETF by 26,605.3% during the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock valued at $582,000 after purchasing an additional 10,110 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Invesco MSCI USA ETF in the third quarter valued at approximately $660,000. MML Investors Services LLC lifted its stake 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 buying an additional 5,797 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of Invesco MSCI USA ETF by 4.5% during the 4th quarter. Capital Asset Advisory Services LLC now owns 428,705 shares of the company’s stock worth $25,504,000 after buying an additional 18,433 shares during the period.

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.