Invesco MSCI USA ETF (BATS:PBUS) Reaches New 52-Week High – Should You Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s share price reached a new 52-week high on Tuesday . The company traded as high as $76.64 and last traded at $76.64, with a volume of 4728 shares changing hands. The stock had previously closed at $75.98.

Invesco MSCI USA ETF Stock Up 1.8%

The company has a market cap of $10.24 billion, a P/E ratio of 26.20 and a beta of 1.03. The stock’s 50-day moving average price is $74.74 and its 200 day moving average price is $71.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of Invesco MSCI USA ETF by 19.6% in the fourth quarter. Morgan Stanley now owns 32,156,914 shares of the company’s stock valued at $2,201,141,000 after purchasing an additional 5,280,388 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Invesco MSCI USA ETF during the 1st quarter worth about $143,354,000. Raymond James Financial Inc. boosted its position in Invesco MSCI USA ETF by 4.6% in the 4th quarter. Raymond James Financial Inc. now owns 1,545,014 shares of the company’s stock valued at $105,756,000 after buying an additional 67,908 shares during the last quarter. Invesco Ltd. increased its position 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 period. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Invesco MSCI USA ETF during the 4th quarter worth approximately $81,334,000.

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.