Invesco MSCI USA ETF (BATS:PBUS) Sets New 52-Week High – Still a Buy?

Shares of Invesco MSCI USA ETF (BATS:PBUS) reached a new 52-week high during trading on Tuesday . The company traded as high as $68.96 and last traded at $68.4090, with a volume of 38803 shares. The stock had previously closed at $69.18.

Invesco MSCI USA ETF Stock Down 0.9%

The company has a market capitalization of $9.08 billion, a PE ratio of 26.20 and a beta of 1.03. The stock’s fifty day simple moving average is $68.49 and its 200-day simple moving average is $66.57.

Institutional Trading of Invesco MSCI USA ETF

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