Invesco MSCI USA ETF (BATS:PBUS) Hits New 1-Year High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS) shares reached a new 52-week high on Monday . The company traded as high as $68.96 and last traded at $69.63, with a volume of 38803 shares changing hands. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Stock Performance

The company’s 50 day moving average price is $68.31 and its 200-day moving average price is $66.25. The stock has a market cap of $9.25 billion, a P/E ratio of 26.20 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PBUS. Geneos Wealth Management Inc. boosted its stake in shares of Invesco MSCI USA ETF by 110.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares during the period. Bank of America Corp DE lifted its stake in shares of Invesco MSCI USA ETF by 1,298.6% during the 3rd quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after acquiring an additional 961 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Invesco MSCI USA ETF during the 1st quarter valued at $203,000. IFP Advisors Inc bought a new position in Invesco MSCI USA ETF in the 2nd quarter valued at $274,000. Finally, Jane Street Group LLC purchased a new stake in Invesco MSCI USA ETF in the second quarter worth $350,000.

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.