Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high on Monday . The company traded as high as $68.96 and last traded at $69.63, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Stock Performance

The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. The company has a 50 day moving average of $68.37 and a 200-day moving average of $66.37.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PBUS. Geneos Wealth Management Inc. increased its stake 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 worth $33,000 after acquiring an additional 276 shares during the period. Bank of America Corp DE grew its position in shares of Invesco MSCI USA ETF by 1,298.6% in 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 position in Invesco MSCI USA ETF during the first quarter worth $203,000. IFP Advisors Inc purchased a new stake in shares of Invesco MSCI USA ETF during the second quarter worth about $274,000. Finally, Jane Street Group LLC acquired a new position in Invesco MSCI USA ETF in the 2nd quarter valued at $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.