Invesco MSCI USA ETF (BATS:PBUS) Reaches New 52-Week High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $77.93 and last traded at $77.93, with a volume of 444 shares traded. The stock had previously closed at $77.31.

Invesco MSCI USA ETF Stock Down 0.2%

The stock has a market cap of $10.32 billion, a P/E ratio of 26.20 and a beta of 1.03. The firm’s 50-day moving average is $75.10 and its two-hundred day moving average is $71.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of Invesco MSCI USA ETF by 110.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Bank of America Corp DE increased its position 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 buying an additional 961 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco MSCI USA ETF during the first quarter worth $203,000. Retirement Planning Group LLC acquired a new position in Invesco MSCI USA ETF during the first quarter worth $332,000. Finally, Jane Street Group LLC bought a new position in Invesco MSCI USA ETF during the second quarter valued at about $350,000.

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.