Invesco MSCI USA ETF (BATS:PBUS) Hits 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 $69.2180, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. The business’s 50-day moving average price is $68.96 and its 200 day moving average price is $67.07.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Invesco MSCI USA ETF during the 1st quarter worth approximately $203,000. IFP Advisors Inc acquired a new position in Invesco MSCI USA ETF during the second quarter worth $274,000. Axxcess Wealth Management LLC boosted 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 purchasing an additional 101,116 shares during the last quarter. Altus Wealth Group LLC grew its position in Invesco MSCI USA ETF by 1.1% in the second quarter. Altus Wealth Group LLC now owns 35,115 shares of the company’s stock valued at $2,183,000 after purchasing an additional 396 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Invesco MSCI USA ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,850 shares of the company’s stock valued at $2,789,000 after buying an additional 2,259 shares during the last quarter.

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.