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

Invesco MSCI USA ETF (BATS:PBUSGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $75.14 and last traded at $75.06, with a volume of 1554 shares traded. The stock had previously closed at $74.35.

Invesco MSCI USA ETF Price Performance

The stock has a 50-day moving average price of $70.05 and a 200-day moving average price of $69.07. The company has a market capitalization of $9.95 billion, a P/E ratio of 26.20 and a beta of 1.03.

Institutional Investors Weigh In On Invesco MSCI USA ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PBUS. Rhumbline Advisers purchased a new stake in shares of Invesco MSCI USA ETF during the 3rd quarter valued at $1,259,000. Mirae Asset Global Investments Co. Ltd. grew its position in Invesco MSCI USA ETF by 22.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,822 shares of the company’s stock worth $43,522,000 after acquiring an additional 116,935 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in Invesco MSCI USA ETF by 42.0% in the fourth quarter. Capital Asset Advisory Services LLC now owns 899,873 shares of the company’s stock worth $62,568,000 after acquiring an additional 265,965 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Invesco MSCI USA ETF in the fourth quarter valued at $24,103,000. Finally, Axxcess Wealth Management LLC increased its stake in Invesco MSCI USA ETF by 16.3% in the third quarter. Axxcess Wealth Management LLC now owns 633,908 shares of the company’s stock valued at $42,504,000 after acquiring an additional 88,895 shares during the last quarter.

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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