Invesco MSCI USA ETF (BATS:PBUS) Reaches New 52-Week High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.96 and last traded at $69.4520, with a volume of 38803 shares traded. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The stock has a 50-day moving average price of $68.55 and a 200-day moving average price of $66.74. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Several institutional investors and hedge funds have recently made changes to their positions in PBUS. Geneos Wealth Management Inc. increased its position in Invesco MSCI USA ETF by 110.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after buying an additional 276 shares during the period. Altus Wealth Group LLC boosted its position in shares of Invesco MSCI USA ETF by 1.1% during the 2nd quarter. Altus Wealth Group LLC now owns 35,115 shares of the company’s stock worth $2,183,000 after acquiring an additional 396 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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 valued at $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% in the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock valued at $69,000 after acquiring an additional 961 shares during the last quarter. Finally, IAG Wealth Partners LLC increased 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 worth $1,357,000 after purchasing an additional 1,187 shares in 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.