Invesco MSCI USA ETF (BATS:PBUS) Hits New 52-Week High at $55.47

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Monday . The company traded as high as $55.47 and last traded at $55.50, with a volume of 35563 shares. The stock had previously closed at $55.46.

Invesco MSCI USA ETF Price Performance

The stock has a market cap of $5.02 billion, a P/E ratio of 26.67 and a beta of 1.02. The business’s fifty day moving average price is $53.42 and its 200 day moving average price is $51.22.

Invesco MSCI USA ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.1743 dividend. The ex-dividend date was Monday, June 24th. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PBUS. Axxcess Wealth Management LLC raised its holdings in Invesco MSCI USA ETF by 6.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 348,341 shares of the company’s stock valued at $18,260,000 after buying an additional 22,626 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Invesco MSCI USA ETF in the 1st quarter valued at approximately $566,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Invesco MSCI USA ETF in the 1st quarter valued at approximately $19,180,000. Commonwealth Equity Services LLC bought a new position in Invesco MSCI USA ETF in the 1st quarter valued at approximately $9,442,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Invesco MSCI USA ETF by 18.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 603,649 shares of the company’s stock valued at $31,643,000 after buying an additional 95,651 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.