Metis Global Partners LLC Cuts Stake in Invesco MSCI USA ETF $PBUS

Metis Global Partners LLC cut its stake in Invesco MSCI USA ETF (BATS:PBUS) by 16.5% during the 4th quarter, HoldingsChannel reports. The firm owned 928,627 shares of the company’s stock after selling 183,721 shares during the quarter. Invesco MSCI USA ETF accounts for about 1.5% of Metis Global Partners LLC’s portfolio, making the stock its 12th largest position. Metis Global Partners LLC’s holdings in Invesco MSCI USA ETF were worth $63,565,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Invesco MSCI USA ETF by 110.4% in the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock valued at $33,000 after purchasing an additional 276 shares during the period. Bank of America Corp DE raised its position in 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 period. Integrated Wealth Concepts LLC purchased a new position in Invesco MSCI USA ETF in the first quarter valued at about $203,000. Jane Street Group LLC purchased a new position in Invesco MSCI USA ETF in the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd purchased a new position in Invesco MSCI USA ETF in the third quarter valued at about $480,000.

Invesco MSCI USA ETF Price Performance

BATS:PBUS opened at $72.64 on Thursday. The business’s 50-day moving average is $71.98 and its two-hundred day moving average is $69.60. Invesco MSCI USA ETF has a 12 month low of $59.51 and a 12 month high of $76.22. The firm has a market capitalization of $9.62 billion, a PE ratio of 26.20 and a beta of 1.03.

Invesco MSCI USA ETF 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.