Invesco MSCI USA ETF (BATS:PBUS) Hits New 52-Week High – Here’s What Happened

Invesco MSCI USA ETF (BATS:PBUS)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $77.93 and last traded at $77.93, with a volume of 444 shares. The stock had previously closed at $77.31.

Invesco MSCI USA ETF Stock Up 0.4%

The company has a market cap of $10.31 billion, a P/E ratio of 26.20 and a beta of 1.03. The firm has a fifty day moving average price of $74.98 and a 200 day moving average price of $71.62.

Institutional Investors Weigh In On Invesco MSCI USA ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased 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 acquiring an additional 276 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Invesco MSCI USA ETF by 1,298.6% during the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after purchasing an additional 961 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco MSCI USA ETF during the first quarter worth approximately $203,000. Retirement Planning Group LLC bought a new stake in shares of Invesco MSCI USA ETF during the first quarter valued at approximately $332,000. Finally, Jane Street Group LLC bought a new stake in shares of Invesco MSCI USA ETF during the second quarter valued at approximately $350,000.

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.