Invesco MSCI USA ETF (BATS:PBUS) Hits New 52-Week High – Still a Buy?

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.21 and last traded at $60.21, with a volume of 7144 shares trading hands. The stock had previously closed at $60.02.

Invesco MSCI USA ETF Trading Down 0.0 %

The business has a 50 day moving average of $57.36 and a 200-day moving average of $55.19. The stock has a market cap of $5.37 billion, a PE ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.1748 dividend. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco MSCI USA ETF by 6.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock valued at $35,054,000 after acquiring an additional 40,836 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Invesco MSCI USA ETF by 4.7% during the 3rd 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. Private Advisor Group LLC increased its holdings 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 buying an additional 9,937 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco MSCI USA ETF during the 2nd quarter worth $2,790,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Invesco MSCI USA ETF during the 1st quarter worth $566,000.

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.