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 during trading on Wednesday . The company traded as high as $70.05 and last traded at $70.05, with a volume of 33547 shares trading hands. The stock had previously closed at $69.59.

Invesco MSCI USA ETF Stock Up 1.3%

The firm has a market capitalization of $9.42 billion, a P/E ratio of 26.20 and a beta of 1.03. The company’s 50 day moving average is $67.52 and its 200-day moving average is $68.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in Invesco MSCI USA ETF by 110.4% during the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after acquiring an additional 276 shares in the last quarter. Bank of America Corp DE boosted its stake in 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 acquiring an additional 961 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Invesco MSCI USA ETF during the first quarter worth $203,000. Jane Street Group LLC bought a new position in Invesco MSCI USA ETF during the second quarter worth $350,000. Finally, Qube Research & Technologies Ltd bought a new position in Invesco MSCI USA ETF during the third quarter worth $480,000.

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.