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

Invesco MSCI USA ETF (BATS:PBUS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $71.34 and last traded at $71.34, with a volume of 45595 shares. The stock had previously closed at $71.33.

Invesco MSCI USA ETF Price Performance

The firm has a market capitalization of $9.47 billion, a P/E ratio of 26.20 and a beta of 1.03. The stock’s fifty day simple moving average is $67.77 and its 200 day simple moving average is $68.18.

Hedge Funds Weigh In On Invesco MSCI USA ETF

A number of large investors have recently added to or reduced their stakes in PBUS. Geneos Wealth Management Inc. raised its holdings in Invesco MSCI USA ETF by 110.4% in the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares in the last quarter. Bank of America Corp DE grew its stake 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 worth $69,000 after acquiring an additional 961 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco MSCI USA ETF during the first quarter worth about $203,000. Jane Street Group LLC purchased a new stake in shares of Invesco MSCI USA ETF during the second quarter worth about $350,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Invesco MSCI USA ETF during the third quarter worth about $480,000.

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.