Invesco MSCI USA ETF (BATS:PBUS) Hits New 52-Week High at $54.73

Invesco MSCI USA ETF (BATS:PBUS) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.73 and last traded at $54.61, with a volume of 15849 shares. The stock had previously closed at $53.99.

Invesco MSCI USA ETF Stock Performance

The firm’s 50 day simple moving average is $54.94 and its 200-day simple moving average is $53.19. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.1743 per share. The ex-dividend date was Monday, June 24th. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco MSCI USA ETF by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock worth $35,054,000 after acquiring an additional 40,836 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco MSCI USA ETF during the 1st quarter worth $19,180,000. Capital Asset Advisory Services LLC raised its holdings in shares of Invesco MSCI USA ETF by 7.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 349,513 shares of the company’s stock worth $18,157,000 after acquiring an additional 23,798 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Invesco MSCI USA ETF during the 1st quarter worth $566,000. Finally, Private Advisor Group LLC purchased a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth $9,429,000.

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.