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

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high on Tuesday . The stock traded as high as $68.96 and last traded at $68.50, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Trading Down 0.8%

The stock has a market cap of $9.09 billion, a P/E ratio of 26.20 and a beta of 1.03. The stock’s 50-day moving average is $67.15 and its 200-day moving average is $63.42.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Invesco MSCI USA ETF by 3.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,523,117 shares of the company’s stock worth $253,385,000 after buying an additional 130,000 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Invesco MSCI USA ETF by 22.8% during the second quarter. Axxcess Wealth Management LLC now owns 545,013 shares of the company’s stock worth $33,889,000 after acquiring an additional 101,116 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Invesco MSCI USA ETF during the first quarter worth about $1,400,000. Cetera Investment Advisers raised its position in Invesco MSCI USA ETF by 49.2% in the first quarter. Cetera Investment Advisers now owns 90,788 shares of the company’s stock worth $5,086,000 after acquiring an additional 29,930 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its holdings in Invesco MSCI USA ETF by 21.4% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 540,917 shares of the company’s stock valued at $33,596,000 after acquiring an additional 95,320 shares during the last quarter.

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.