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

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $72.63 and last traded at $72.52, with a volume of 133885 shares traded. The stock had previously closed at $71.92.

Invesco MSCI USA ETF Trading Up 0.8%

The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. The stock’s 50 day moving average price is $68.09 and its two-hundred day moving average price is $68.37.

Hedge Funds Weigh In On Invesco MSCI USA ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Invesco MSCI USA ETF by 110.4% during the 2nd 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. Envestnet Asset Management Inc. grew its stake in shares of Invesco MSCI USA ETF by 1.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 45,420 shares of the company’s stock worth $3,045,000 after purchasing an additional 570 shares during the period. Vestcor Inc grew its stake in shares of Invesco MSCI USA ETF by 0.6% during the 4th quarter. Vestcor Inc now owns 134,953 shares of the company’s stock worth $9,238,000 after purchasing an additional 780 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco MSCI USA ETF by 1,298.6% during the 3rd quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after purchasing an additional 961 shares during the period. Finally, Altus Wealth Group LLC grew its stake in shares of Invesco MSCI USA ETF by 3.7% during the 1st quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock worth $2,429,000 after purchasing an additional 1,339 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.