Invesco MSCI USA ETF (BATS:PBUS) Hits New 52-Week High – Time to Buy?

Invesco MSCI USA ETF (BATS:PBUS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $75.14 and last traded at $75.06, with a volume of 1554 shares traded. The stock had previously closed at $74.35.

Invesco MSCI USA ETF Trading Up 0.4%

The stock has a market cap of $9.94 billion, a P/E ratio of 26.20 and a beta of 1.03. The firm’s fifty day moving average is $69.71 and its 200 day moving average is $68.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PBUS. Integrated Wealth Concepts LLC bought a new position in Invesco MSCI USA ETF in the 1st quarter worth $203,000. Marshall Wace LLP bought a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth about $1,090,000. Jane Street Group LLC bought a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth about $350,000. MML Investors Services LLC increased its holdings in shares of Invesco MSCI USA ETF by 5.6% during the 2nd quarter. MML Investors Services LLC now owns 44,817 shares of the company’s stock worth $2,787,000 after purchasing an additional 2,371 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth about $494,000.

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.