Invesco MSCI USA ETF (BATS:PBUS) Sets New 12-Month High – Time to Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s share price reached a new 52-week high on Monday . The company traded as high as $68.96 and last traded at $67.3630, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The company has a market capitalization of $8.92 billion, a P/E ratio of 26.20 and a beta of 1.03. The company has a 50 day moving average of $67.24 and a 200-day moving average of $63.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PBUS. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Invesco MSCI USA ETF by 99.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,010,335 shares of the company’s stock valued at $560,263,000 after purchasing an additional 4,487,218 shares in the last quarter. Metis Global Partners LLC lifted its position in Invesco MSCI USA ETF by 4,866.4% during the second quarter. Metis Global Partners LLC now owns 2,150,484 shares of the company’s stock valued at $133,717,000 after buying an additional 2,107,183 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Invesco MSCI USA ETF during the 2nd quarter valued at $102,553,000. Empower Advisory Group LLC bought a new stake in shares of Invesco MSCI USA ETF during the 1st quarter valued at $86,495,000. Finally, Raymond James Financial Inc. grew its position 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 worth $99,040,000 after buying an additional 986,113 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.