Invesco MSCI USA ETF (BATS:PBUS) Hits New 52-Week High – Here’s What Happened

Invesco MSCI USA ETF (BATS:PBUS) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $71.34 and last traded at $71.34, with a volume of 45595 shares trading hands. The stock had previously closed at $71.33.

Invesco MSCI USA ETF Stock Down 0.6%

The stock has a market capitalization of $9.39 billion, a PE ratio of 26.20 and a beta of 1.03. The stock’s 50 day moving average price is $67.65 and its 200-day moving average price is $68.13.

Institutional Trading of Invesco MSCI USA ETF

A number of large investors have recently made changes to their positions in PBUS. Morgan Stanley boosted its stake in shares of Invesco MSCI USA ETF by 19.6% during the fourth quarter. Morgan Stanley now owns 32,156,914 shares of the company’s stock valued at $2,201,141,000 after purchasing an additional 5,280,388 shares during the period. Ensign Peak Advisors Inc bought a new stake in shares of Invesco MSCI USA ETF in the fourth quarter valued at about $81,334,000. Raymond James Financial Inc. raised its holdings in shares of Invesco MSCI USA ETF by 200.8% in the third quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock valued at $99,040,000 after acquiring an additional 986,113 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Invesco MSCI USA ETF by 141.0% in the third quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock valued at $86,814,000 after acquiring an additional 757,506 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Invesco MSCI USA ETF in the fourth quarter valued at about $24,103,000.

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.