Invesco MSCI USA ETF (BATS:PBUS) Hits New 12-Month High – Here’s Why

Shares of Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.75 and last traded at $59.59, with a volume of 22746 shares. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Performance

The stock has a market cap of $5.39 billion, a PE ratio of 26.67 and a beta of 1.02. The firm has a fifty day moving average price of $59.89 and a 200 day moving average price of $57.43.

Invesco MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.1871 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. acquired a new position in shares of Invesco MSCI USA ETF during the second quarter valued at about $2,790,000. Private Advisor Group LLC grew its position in Invesco MSCI USA ETF by 5.7% during the 3rd quarter. Private Advisor Group LLC now owns 183,301 shares of the company’s stock worth $10,521,000 after purchasing an additional 9,937 shares during the last quarter. Altus Wealth Group LLC increased its stake in Invesco MSCI USA ETF by 45.9% during the 3rd quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock valued at $337,000 after purchasing an additional 1,850 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Invesco MSCI USA ETF by 4.7% in the third quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock worth $23,297,000 after buying an additional 18,386 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Invesco MSCI USA ETF by 26,605.3% during the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock worth $582,000 after buying an additional 10,110 shares during the period.

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.