Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High – Should You Buy?

Shares of Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during trading on Monday . The company traded as high as $68.96 and last traded at $69.22, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The firm has a market cap of $9.14 billion, a PE ratio of 26.20 and a beta of 1.03. The stock has a 50 day simple moving average of $68.14 and a 200-day simple moving average of $65.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its holdings in Invesco MSCI USA ETF by 40.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 44,076 shares of the company’s stock valued at $2,955,000 after buying an additional 12,777 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Invesco MSCI USA ETF during the third quarter valued at $480,000. Citadel Advisors LLC boosted its stake in shares of Invesco MSCI USA ETF by 24.9% during the third quarter. Citadel Advisors LLC now owns 16,449 shares of the company’s stock valued at $1,103,000 after purchasing an additional 3,275 shares in the last quarter. Bank of America Corp DE boosted 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 acquiring an additional 961 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Invesco MSCI USA ETF by 200.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock worth $99,040,000 after buying an additional 986,113 shares during 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.