Invesco MSCI USA ETF (BATS:PBUS) Sets New 52-Week High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high on Wednesday . The stock 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 Price Performance

The firm has a market capitalization of $9.27 billion, a PE ratio of 26.20 and a beta of 1.03. The firm has a fifty day moving average price of $67.45 and a 200 day moving average price of $67.99.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco MSCI USA ETF by 110.4% during the second 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 lifted its holdings in shares of 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 valued at $69,000 after purchasing an additional 961 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco MSCI USA ETF during the first quarter valued at $203,000. Jane Street Group LLC purchased a new stake in shares of Invesco MSCI USA ETF during the second quarter valued at $350,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Invesco MSCI USA ETF during the third quarter valued at $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.