Invesco MSCI USA ETF (BATS:PBUS) Sets New 1-Year High After Dividend Announcement

Invesco MSCI USA ETF (BATS:PBUS)’s stock price hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $57.04 and last traded at $56.96, with a volume of 5793 shares. The stock had previously closed at $57.00.

The newly announced dividend which will be paid on Friday, September 27th. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.1748 per share. This is an increase from Invesco MSCI USA ETF’s previous dividend of $0.17. The ex-dividend date is Monday, September 23rd.

Invesco MSCI USA ETF Stock Performance

The business’s 50-day simple moving average is $55.06 and its 200 day simple moving average is $53.49. The firm has a market cap of $5.10 billion, a P/E ratio of 26.67 and a beta of 1.02.

Institutional Investors Weigh In On Invesco MSCI USA ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altus Wealth Group LLC bought a new position in Invesco MSCI USA ETF during the second quarter valued at approximately $219,000. BNP Paribas Financial Markets bought a new position in shares of Invesco MSCI USA ETF during the first quarter valued at approximately $566,000. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco MSCI USA ETF during the second quarter valued at about $2,790,000. Private Advisor Group LLC purchased a new position in Invesco MSCI USA ETF during the 2nd quarter worth $9,429,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Invesco MSCI USA ETF in the first quarter worth about $9,442,000.

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.