Invesco MSCI USA ETF (BATS:PBUS) Reaches New 1-Year High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $71.82 and last traded at $71.81, with a volume of 58405 shares. The stock had previously closed at $71.29.

Invesco MSCI USA ETF Price Performance

The stock’s fifty day moving average is $67.95 and its 200-day moving average is $68.28. The stock has a market capitalization of $9.53 billion, a PE ratio of 26.20 and a beta of 1.03.

Institutional Trading of Invesco MSCI USA ETF

A number of hedge funds have recently added to or reduced their stakes in PBUS. Geneos Wealth Management Inc. boosted its holdings in 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 buying an additional 276 shares in the last quarter. Bank of America Corp DE raised its position in Invesco MSCI USA ETF by 1,298.6% during the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after acquiring an additional 961 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Invesco MSCI USA ETF during the first quarter worth $203,000. Jane Street Group LLC acquired a new position in Invesco MSCI USA ETF during the second quarter worth $350,000. Finally, Qube Research & Technologies Ltd acquired a new position in Invesco MSCI USA ETF during the third quarter worth $480,000.

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.