Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High – Here’s What Happened

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high on Tuesday . The stock traded as high as $68.96 and last traded at $68.4090, with a volume of 38803 shares traded. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Stock Down 0.1%

The company has a market cap of $9.15 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. The business’s fifty day simple moving average is $68.51 and its two-hundred day simple moving average is $66.63.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Invesco MSCI USA ETF by 99.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,010,335 shares of the company’s stock worth $560,263,000 after purchasing an additional 4,487,218 shares during the last quarter. Metis Global Partners LLC grew its stake in Invesco MSCI USA ETF by 4,866.4% during the 2nd quarter. Metis Global Partners LLC now owns 2,150,484 shares of the company’s stock worth $133,717,000 after buying an additional 2,107,183 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in Invesco MSCI USA ETF during the 2nd quarter worth approximately $102,553,000. Raymond James Financial Inc. increased its position in Invesco MSCI USA ETF by 200.8% during the third quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock worth $99,040,000 after buying an additional 986,113 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Invesco MSCI USA ETF by 141.0% in the third quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock valued at $86,814,000 after acquiring an additional 757,506 shares during the period.

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.