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

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

Invesco MSCI USA ETF Stock Up 2.9 %

The company has a market cap of $5.40 billion, a PE ratio of 26.67 and a beta of 1.02. The company has a 50-day moving average of $60.01 and a 200-day moving average of $57.66.

Invesco MSCI USA ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Altus Wealth Group LLC boosted its position in Invesco MSCI USA ETF by 45.9% in the third quarter. Altus Wealth Group LLC now owns 5,878 shares of the company’s stock worth $337,000 after purchasing an additional 1,850 shares during the last quarter. MML Investors Services LLC boosted its position in Invesco MSCI USA ETF by 11.5% in the third quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock worth $3,220,000 after purchasing an additional 5,797 shares during the last quarter. Private Advisor Group LLC boosted its position in Invesco MSCI USA ETF by 5.7% in the third 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. BNP Paribas Financial Markets boosted its position in 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 worth $582,000 after purchasing an additional 10,110 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Invesco MSCI USA ETF in the third quarter worth $660,000.

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.