Invesco MSCI USA ETF (BATS:PBUS) Reaches New 12-Month High – Still a Buy?

Invesco MSCI USA ETF (BATS:PBUS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $68.96 and last traded at $68.6150, with a volume of 38803 shares traded. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The company has a fifty day moving average of $67.80 and a two-hundred day moving average of $65.03. The stock has a market capitalization of $9.04 billion, a P/E ratio of 26.20 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in Invesco MSCI USA ETF by 110.4% during the 2nd 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. Altus Wealth Group LLC increased its position in Invesco MSCI USA ETF by 1.1% in the second quarter. Altus Wealth Group LLC now owns 35,115 shares of the company’s stock worth $2,183,000 after buying an additional 396 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco MSCI USA ETF by 1.3% in the third quarter. Envestnet Asset Management Inc. now owns 45,420 shares of the company’s stock valued at $3,045,000 after buying an additional 570 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 valued at $69,000 after acquiring an additional 961 shares during the period. Finally, IAG Wealth Partners LLC grew its position in shares of Invesco MSCI USA ETF by 5.8% during the second quarter. IAG Wealth Partners LLC now owns 21,825 shares of the company’s stock worth $1,357,000 after acquiring an additional 1,187 shares during the last quarter.

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.