Invesco MSCI USA ETF (BATS:PBUS) Reaches New 1-Year High – What’s Next?

Invesco MSCI USA ETF (BATS:PBUS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $59.75 and last traded at $60.28, with a volume of 22746 shares. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Stock Performance

The company has a fifty day simple moving average of $60.07 and a two-hundred day simple moving average of $57.73. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors 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 an increase from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Invesco MSCI USA ETF during the 3rd quarter worth approximately $660,000. Axxcess Wealth Management LLC lifted its stake in Invesco MSCI USA ETF by 4.7% during the third quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock worth $23,297,000 after purchasing an additional 18,386 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco MSCI USA ETF in the 2nd quarter valued at $2,790,000. Altus Wealth Group LLC increased its stake in shares of Invesco MSCI USA ETF by 45.9% in 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 during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of 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 buying an additional 9,937 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.