Invesco MSCI USA ETF (BATS:PBUS) Reaches New 12-Month High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.75 and last traded at $60.70, with a volume of 22746 shares changing hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Trading Up 3.7 %

The firm has a 50-day moving average price of $59.89 and a 200-day moving average price of $57.50. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.1871 per share. This is a positive change from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco MSCI USA ETF

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