Invesco MSCI USA ETF (BATS:PBUS) Reaches New 1-Year High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during trading on Thursday . The company traded as high as $71.82 and last traded at $71.81, with a volume of 58405 shares changing hands. The stock had previously closed at $71.29.

Invesco MSCI USA ETF Stock Up 1.0%

The stock’s 50-day moving average price is $67.95 and its 200 day moving average price is $68.28. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised 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 purchasing an additional 276 shares during the period. Bank of America Corp DE boosted its holdings in Invesco MSCI USA ETF by 1,298.6% in the 3rd quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock valued at $69,000 after purchasing an additional 961 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco MSCI USA ETF in the 1st quarter valued at about $203,000. Jane Street Group LLC acquired a new position in Invesco MSCI USA ETF in the 2nd quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd acquired a new position in Invesco MSCI USA ETF in the 3rd quarter valued at about $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.