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

Invesco MSCI USA ETF (BATS:PBUS – Get Free Report)’s stock price reached a new 52-week high on Tuesday. The company traded as high as $78.28 and last traded at $78.1390, with a volume of 262861 shares changing hands. The stock had previously closed at $77.74.

Invesco MSCI USA ETF Trading Up 0.7%

The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. The firm’s 50 day simple moving average is $76.74 and its 200-day simple moving average is $73.84.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth approximately $39,000. TOP Private Wealth LLC. purchased a new stake in shares of Invesco MSCI USA ETF in the second quarter valued at approximately $90,000. Bank of America Corp DE grew its holdings in Invesco MSCI USA ETF by 225.1% during the first quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $271,000 after acquiring an additional 2,883 shares during the period. Retirement Planning Group LLC purchased a new position in Invesco MSCI USA ETF in the first quarter worth $332,000. Finally, Altus Wealth Group LLC lifted its holdings in Invesco MSCI USA ETF by 3.7% in the first quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock valued at $2,429,000 after acquiring an additional 1,339 shares during the period.

About Invesco MSCI USA ETF

(Get Free Report)

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.

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