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

Invesco MSCI USA ETF (BATS:PBUSGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.64 and last traded at $76.64, with a volume of 4728 shares traded. The stock had previously closed at $75.98.

Invesco MSCI USA ETF Stock Up 1.8%

The firm has a market capitalization of $10.24 billion, a PE ratio of 26.20 and a beta of 1.03. The company’s fifty day simple moving average is $74.74 and its 200 day simple moving average is $71.21.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Invesco MSCI USA ETF by 225.1% in the first quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $271,000 after acquiring an additional 2,883 shares during the period. Cetera Investment Advisers lifted its position in shares of Invesco MSCI USA ETF by 24.2% in the first quarter. Cetera Investment Advisers now owns 509,294 shares of the company’s stock valued at $33,191,000 after acquiring an additional 99,160 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Invesco MSCI USA ETF in the 1st quarter worth approximately $143,354,000. Retirement Planning Group LLC bought a new position in shares of Invesco MSCI USA ETF during the first quarter worth $332,000. Finally, Altus Wealth Group LLC lifted its position in shares of Invesco MSCI USA ETF by 3.7% in the first quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock worth $2,429,000 after buying an additional 1,339 shares in the last quarter.

About Invesco MSCI USA ETF

(Get Free Report)

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.

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