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

Shares of Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high on Monday . The company traded as high as $68.96 and last traded at $68.84, with a volume of 38803 shares changing hands. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Stock Down 0.8%

The firm’s 50 day simple moving average is $67.64 and its 200-day simple moving average is $64.67. The company has a market capitalization of $9.08 billion, a PE ratio of 26.20 and a beta of 1.03.

Institutional Trading of Invesco MSCI USA ETF

Several large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in shares of Invesco MSCI USA ETF by 110.4% during the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco MSCI USA ETF by 1,298.6% in the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock valued at $69,000 after buying an additional 961 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco MSCI USA ETF during the 1st quarter worth approximately $203,000. IFP Advisors Inc purchased a new position in Invesco MSCI USA ETF in the 2nd quarter worth approximately $274,000. Finally, Jane Street Group LLC purchased a new position in Invesco MSCI USA ETF in the 2nd quarter worth approximately $350,000.

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.