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

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during trading on Monday . The stock traded as high as $57.60 and last traded at $57.07, with a volume of 7800 shares trading hands. The stock had previously closed at $57.24.

Invesco MSCI USA ETF Stock Down 0.3 %

The stock’s fifty day simple moving average is $56.91 and its 200-day simple moving average is $54.75. The company has a market capitalization of $5.11 billion, a PE ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.1748 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Several hedge funds have recently added to or reduced their stakes in PBUS. Altus Wealth Group LLC purchased a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth approximately $219,000. BNP Paribas Financial Markets acquired a new stake in shares of Invesco MSCI USA ETF during the first quarter valued at $566,000. Envestnet Asset Management Inc. purchased a new stake in Invesco MSCI USA ETF during the 2nd quarter worth about $2,790,000. Private Advisor Group LLC purchased a new position in Invesco MSCI USA ETF in the 2nd quarter valued at about $9,429,000. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Invesco MSCI USA ETF by 6.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 348,341 shares of the company’s stock worth $18,260,000 after purchasing an additional 22,626 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.