Invesco MSCI USA ETF (BATS:PBUS) Reaches New 12-Month High – What’s Next?

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during trading on Monday . The stock traded as high as $59.97 and last traded at $60.12, with a volume of 30745 shares traded. The stock had previously closed at $59.94.

Invesco MSCI USA ETF Trading Up 0.3 %

The stock’s 50 day moving average price is $58.05 and its two-hundred day moving average price is $55.66. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 26.67 and a beta of 1.02.

Invesco MSCI USA ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.1748 per share. This is a positive change from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date was Monday, September 23rd.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several institutional investors have recently modified their holdings of PBUS. Raymond James Financial Services Advisors Inc. boosted its position in Invesco MSCI USA ETF by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 644,485 shares of the company’s stock worth $35,054,000 after purchasing an additional 40,836 shares in the last quarter. Altus Wealth Group LLC acquired a new position in Invesco MSCI USA ETF during the second quarter worth about $219,000. Private Advisor Group LLC purchased a new stake in shares of Invesco MSCI USA ETF in the second quarter valued at about $9,429,000. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco MSCI USA ETF in the second quarter valued at approximately $2,790,000. Finally, Axxcess Wealth Management LLC increased its stake in shares of Invesco MSCI USA ETF by 11.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 387,479 shares of the company’s stock worth $21,075,000 after purchasing an additional 39,138 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.