Invesco MSCI USA ETF (BATS:PBUS) Hits New 12-Month High – What’s Next?

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $68.96 and last traded at $68.70, with a volume of 38803 shares trading hands. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Price Performance

The firm has a market capitalization of $9.11 billion, a P/E ratio of 26.20 and a beta of 1.03. The business has a 50 day moving average price of $67.89 and a 200 day moving average price of $65.33.

Hedge Funds Weigh In On Invesco MSCI USA ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Invesco MSCI USA ETF by 99.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,010,335 shares of the company’s stock worth $560,263,000 after acquiring an additional 4,487,218 shares during the period. Metis Global Partners LLC boosted its holdings in Invesco MSCI USA ETF by 4,866.4% during the second quarter. Metis Global Partners LLC now owns 2,150,484 shares of the company’s stock valued at $133,717,000 after purchasing an additional 2,107,183 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Invesco MSCI USA ETF in the 2nd quarter valued at approximately $102,553,000. Raymond James Financial Inc. raised its holdings in shares of Invesco MSCI USA ETF by 200.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock worth $99,040,000 after buying an additional 986,113 shares in the last quarter. Finally, Invesco Ltd. grew its position in Invesco MSCI USA ETF by 141.0% in the third quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock valued at $86,814,000 after acquiring an additional 757,506 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.