National Pension Service Reduces Stock Holdings in Invesco MSCI USA ETF $PBUS

National Pension Service cut its stake in shares of Invesco MSCI USA ETF (BATS:PBUS) by 32.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,382,366 shares of the company’s stock after selling 23,249,419 shares during the quarter. Invesco MSCI USA ETF comprises 2.5% of National Pension Service’s holdings, making the stock its 6th biggest position. National Pension Service owned approximately 0.36% of Invesco MSCI USA ETF worth $3,176,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Invesco MSCI USA ETF by 99.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,010,335 shares of the company’s stock worth $560,263,000 after purchasing an additional 4,487,218 shares during the period. Metis Global Partners LLC increased its stake in Invesco MSCI USA ETF by 4,866.4% in the 2nd quarter. Metis Global Partners LLC now owns 2,150,484 shares of the company’s stock worth $133,717,000 after purchasing an additional 2,107,183 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Invesco MSCI USA ETF during the 2nd quarter worth about $102,553,000. Capital Asset Advisory Services LLC lifted its stake in Invesco MSCI USA ETF by 17.2% during the third quarter. Capital Asset Advisory Services LLC now owns 633,908 shares of the company’s stock valued at $42,504,000 after buying an additional 92,991 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of Invesco MSCI USA ETF by 22.8% in the second quarter. Axxcess Wealth Management LLC now owns 545,013 shares of the company’s stock worth $33,889,000 after buying an additional 101,116 shares during the period.

Invesco MSCI USA ETF Price Performance

Invesco MSCI USA ETF stock opened at $69.32 on Friday. Invesco MSCI USA ETF has a fifty-two week low of $48.30 and a fifty-two week high of $63.88. The firm’s 50 day simple moving average is $68.88 and its 200-day simple moving average is $66.92. The company has a market cap of $9.18 billion, a P/E 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.