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

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $59.75 and last traded at $59.67, with a volume of 22746 shares changing hands. The stock had previously closed at $58.56.

Invesco MSCI USA ETF Price Performance

The business has a 50-day moving average of $60.14 and a 200-day moving average of $57.86. The company has a market capitalization of $5.43 billion, a P/E ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.1871 dividend. The ex-dividend date was Monday, December 23rd. This is a boost from Invesco MSCI USA ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC boosted its holdings in shares of Invesco MSCI USA ETF by 4.5% in the fourth quarter. Capital Asset Advisory Services LLC now owns 428,705 shares of the company’s stock valued at $25,504,000 after acquiring an additional 18,433 shares during the period. MML Investors Services LLC raised its position in Invesco MSCI USA ETF by 11.5% in the 3rd quarter. MML Investors Services LLC now owns 56,090 shares of the company’s stock valued at $3,220,000 after purchasing an additional 5,797 shares during the last quarter. Jane Street Group LLC acquired a new stake in Invesco MSCI USA ETF during the 3rd quarter worth $660,000. BNP Paribas Financial Markets grew its position in Invesco MSCI USA ETF by 26,605.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock worth $582,000 after purchasing an additional 10,110 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in Invesco MSCI USA ETF by 4.7% in the third quarter. Axxcess Wealth Management LLC now owns 405,865 shares of the company’s stock valued at $23,297,000 after purchasing an additional 18,386 shares during the period.

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.