Invesco MSCI USA ETF (BATS:PBUS) Reaches New 12-Month High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during trading on Monday . The company traded as high as $61.31 and last traded at $60.85, with a volume of 20713 shares changing hands. The stock had previously closed at $61.28.

Invesco MSCI USA ETF Trading Up 0.9 %

The stock’s fifty day simple moving average is $58.95 and its 200 day simple moving average is $56.33. The company has a market cap of $5.48 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 announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.1748 dividend. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MML Investors Services LLC increased its holdings in Invesco MSCI USA ETF by 11.5% in the 3rd quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock valued at $3,220,000 after purchasing an additional 5,797 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco MSCI USA ETF during the third quarter worth $660,000. BNP Paribas Financial Markets grew its stake in shares of Invesco MSCI USA ETF by 26,605.3% in the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock valued at $582,000 after buying an additional 10,110 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Invesco MSCI USA ETF by 4.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock valued at $23,297,000 after buying an additional 18,386 shares during the period. Finally, Altus Wealth Group LLC lifted 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 worth $337,000 after acquiring an additional 1,850 shares in 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.