Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High – Should You Buy?

Invesco MSCI USA ETF (BATS:PBUS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $68.96 and last traded at $69.22, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Trading Down 0.2%

The stock’s 50 day simple moving average is $68.14 and its 200 day simple moving average is $65.64. The stock has a market capitalization of $9.14 billion, a P/E ratio of 26.20 and a beta of 1.03.

Institutional Trading of Invesco MSCI USA ETF

Hedge funds have recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its position in Invesco MSCI USA ETF by 40.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 44,076 shares of the company’s stock worth $2,955,000 after buying an additional 12,777 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Invesco MSCI USA ETF in the third quarter valued at approximately $480,000. Citadel Advisors LLC raised its position in shares of Invesco MSCI USA ETF by 24.9% during the third quarter. Citadel Advisors LLC now owns 16,449 shares of the company’s stock valued at $1,103,000 after buying an additional 3,275 shares during the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $69,000 after acquiring an additional 961 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Invesco MSCI USA ETF by 200.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock valued at $99,040,000 after buying an additional 986,113 shares in the last quarter.

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.