Invesco MSCI USA ETF (BATS:PBUS) Hits New 12-Month High – Here’s Why

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $74.11 and last traded at $73.97, with a volume of 134938 shares traded. The stock had previously closed at $73.81.

Invesco MSCI USA ETF Stock Up 0.7%

The company has a 50-day simple moving average of $68.68 and a two-hundred day simple moving average of $68.65. The stock has a market cap of $9.84 billion, a P/E ratio of 26.20 and a beta of 1.03.

Hedge Funds Weigh In On Invesco MSCI USA ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PBUS. Integrated Wealth Concepts LLC bought a new position in shares of Invesco MSCI USA ETF during the first quarter valued at approximately $203,000. Marshall Wace LLP purchased a new stake in Invesco MSCI USA ETF in the second quarter worth $1,090,000. Jane Street Group LLC purchased a new stake in Invesco MSCI USA ETF in the second quarter worth $350,000. MML Investors Services LLC grew its stake in Invesco MSCI USA ETF by 5.6% in the second quarter. MML Investors Services LLC now owns 44,817 shares of the company’s stock worth $2,787,000 after purchasing an additional 2,371 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Invesco MSCI USA ETF in the second quarter worth $494,000.

Invesco MSCI USA ETF Company 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.