Invesco MSCI USA ETF (BATS:PBUS) Sets New 12-Month High – Should You Buy?

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Wednesday . The stock traded as high as $72.63 and last traded at $72.52, with a volume of 133885 shares changing hands. The stock had previously closed at $71.92.

Invesco MSCI USA ETF Stock Performance

The firm’s 50-day moving average is $68.09 and its 200 day moving average is $68.37. The stock has a market cap of $9.60 billion, a PE ratio of 26.20 and a beta of 1.03.

Institutional Trading of Invesco MSCI USA ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in Invesco MSCI USA ETF by 110.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco MSCI USA ETF by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,420 shares of the company’s stock valued at $3,045,000 after purchasing an additional 570 shares during the last quarter. Vestcor Inc raised its position in Invesco MSCI USA ETF by 0.6% in the 4th quarter. Vestcor Inc now owns 134,953 shares of the company’s stock valued at $9,238,000 after purchasing an additional 780 shares during the last quarter. Bank of America Corp DE raised its position 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 purchasing an additional 961 shares during the last quarter. Finally, Altus Wealth Group LLC raised its position in Invesco MSCI USA ETF by 3.7% in the 1st quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock valued at $2,429,000 after purchasing an additional 1,339 shares during the last quarter.

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.