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

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $76.64 and last traded at $76.64, with a volume of 4728 shares changing hands. The stock had previously closed at $75.98.

Invesco MSCI USA ETF Trading Down 0.2%

The stock has a fifty day moving average of $74.82 and a two-hundred day moving average of $71.32. The company has a market capitalization of $10.22 billion, a PE ratio of 26.20 and a beta of 1.03.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Invesco MSCI USA ETF by 225.1% in the 1st quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $271,000 after acquiring an additional 2,883 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco MSCI USA ETF by 24.2% during the 1st quarter. Cetera Investment Advisers now owns 509,294 shares of the company’s stock valued at $33,191,000 after purchasing an additional 99,160 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Invesco MSCI USA ETF during the 1st quarter valued at $143,354,000. Retirement Planning Group LLC purchased a new position in Invesco MSCI USA ETF in the 1st quarter worth $332,000. Finally, Altus Wealth Group LLC raised its position in Invesco MSCI USA ETF by 3.7% in the 1st quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock worth $2,429,000 after purchasing an additional 1,339 shares during the period.

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.