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

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 $68.96 and last traded at $68.6150, with a volume of 38803 shares traded. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Trading Down 1.4%

The company has a market cap of $9.03 billion, a PE ratio of 26.20 and a beta of 1.03. The stock has a 50 day moving average price of $67.84 and a 200 day moving average price of $65.15.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBUS. Geneos Wealth Management Inc. grew its stake in shares of Invesco MSCI USA ETF by 110.4% in the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after acquiring an additional 276 shares during the last quarter. Altus Wealth Group LLC raised its position in shares of Invesco MSCI USA ETF by 1.1% in the 2nd quarter. Altus Wealth Group LLC now owns 35,115 shares of the company’s stock worth $2,183,000 after purchasing an additional 396 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco MSCI USA ETF by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,420 shares of the company’s stock worth $3,045,000 after purchasing an additional 570 shares in the last quarter. Bank of America Corp DE grew its position in Invesco MSCI USA ETF by 1,298.6% during the 3rd quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock valued at $69,000 after purchasing an additional 961 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in Invesco MSCI USA ETF by 5.8% during the 2nd quarter. IAG Wealth Partners LLC now owns 21,825 shares of the company’s stock valued at $1,357,000 after purchasing an additional 1,187 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.