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

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.36 and last traded at $56.80, with a volume of 148342 shares trading hands. The stock had previously closed at $57.34.

Invesco MSCI USA ETF Stock Up 0.7 %

The firm has a market capitalization of $5.18 billion, a PE ratio of 26.67 and a beta of 1.02. The company has a 50-day moving average of $55.55 and a 200 day moving average of $53.95.

Invesco MSCI USA ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.1748 dividend. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On Invesco MSCI USA ETF

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of 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 purchasing an additional 40,836 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Invesco MSCI USA ETF by 11.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 387,479 shares of the company’s stock worth $21,075,000 after acquiring an additional 39,138 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco MSCI USA ETF in the first quarter valued at about $19,180,000. Capital Asset Advisory Services LLC increased its position in shares of Invesco MSCI USA ETF by 7.3% in the first quarter. Capital Asset Advisory Services LLC now owns 349,513 shares of the company’s stock valued at $18,157,000 after acquiring an additional 23,798 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in shares of Invesco MSCI USA ETF during the first quarter valued at about $9,442,000.

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.