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

Invesco MSCI USA ETF (BATS:PBUS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $74.11 and last traded at $73.97, with a volume of 134938 shares traded. The stock had previously closed at $73.81.

Invesco MSCI USA ETF Price Performance

The stock has a market capitalization of $9.79 billion, a P/E ratio of 26.20 and a beta of 1.03. The firm’s 50 day moving average price is $68.47 and its 200 day moving average price is $68.55.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley raised its stake in Invesco MSCI USA ETF by 19.6% in the fourth quarter. Morgan Stanley now owns 32,156,914 shares of the company’s stock worth $2,201,141,000 after buying an additional 5,280,388 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Invesco MSCI USA ETF during the first quarter valued at approximately $143,354,000. Ensign Peak Advisors Inc purchased a new stake in shares of Invesco MSCI USA ETF during the fourth quarter valued at approximately $81,334,000. Raymond James Financial Inc. grew its holdings in shares of Invesco MSCI USA ETF by 200.8% during the third quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock valued at $99,040,000 after buying an additional 986,113 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Invesco MSCI USA ETF by 141.0% in the third quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock worth $86,814,000 after purchasing an additional 757,506 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.