Raymond James Financial Services Advisors Inc. Cuts Stock Position in Invesco MSCI USA ETF (BATS:PBUS)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Invesco MSCI USA ETF (BATS:PBUS) by 38.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 507,998 shares of the company’s stock after selling 321,159 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.92% of Invesco MSCI USA ETF worth $24,242,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UBS Group AG boosted its position in Invesco MSCI USA ETF by 84.9% in the 1st quarter. UBS Group AG now owns 625 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the period. Comerica Bank purchased a new position in Invesco MSCI USA ETF in the third quarter valued at $60,000. JPMorgan Chase & Co. acquired a new position in Invesco MSCI USA ETF during the 1st quarter worth $79,000. Advisor Group Holdings Inc. grew its stake in Invesco MSCI USA ETF by 3,931.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 7,417 shares of the company’s stock worth $338,000 after purchasing an additional 7,233 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Invesco MSCI USA ETF by 511.3% during the 3rd quarter. Royal Bank of Canada now owns 11,388 shares of the company’s stock worth $407,000 after purchasing an additional 9,525 shares during the period.

Invesco MSCI USA ETF Price Performance

PBUS stock opened at $52.40 on Thursday. Invesco MSCI USA ETF has a 1 year low of $24.94 and a 1 year high of $28.08. The firm has a market capitalization of $2.91 billion, a P/E ratio of 22.58 and a beta of 0.98. The business’s 50-day moving average is $50.40 and its two-hundred day moving average is $46.80.

Invesco MSCI USA ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.1687 dividend. This is a positive change from Invesco MSCI USA ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 18th.

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.