Invesco MSCI USA ETF (BATS:PBUS) Hits New 1-Year High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $68.96 and last traded at $69.0340, with a volume of 38803 shares traded. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The business has a 50 day moving average price of $68.27 and a two-hundred day moving average price of $66.07. The stock has a market cap of $9.20 billion, a PE ratio of 26.20 and a beta of 1.03.

Hedge Funds Weigh In On Invesco MSCI USA ETF

A number of hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in shares of Invesco MSCI USA ETF by 110.4% in the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock valued at $33,000 after buying an additional 276 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco MSCI USA ETF by 1,298.6% in the 3rd quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock valued at $69,000 after acquiring an additional 961 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Invesco MSCI USA ETF in the 1st quarter worth $203,000. IFP Advisors Inc acquired a new position in Invesco MSCI USA ETF during the second quarter worth $274,000. Finally, Jane Street Group LLC purchased a new position in Invesco MSCI USA ETF during the second quarter valued at $350,000.

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.