Zacks Investment ResearchT3·5h ago
PBUS Invesco MSCI USA ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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PBUS
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Key stats
About
Invesco MSCI USA ETF (PBUS) ETF
No description available.
- Exchange
- BATS
- Inception
- 2017-09-22
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.04% prospectus, filed Dec 18, 2025
- Assets
- $10.7B shares × price, Oct 21, 2026
- Trailing yield
- 0.99% paid quarterly
- Average daily volume
- $54M 30 sessions
- Holdings
- 540 top 10 are 38.2%
- Listed
- Sep 22, 2017 Cboe BZX
- Tracking difference
- -0.09 pts vs index, after fees, FY 2025
Cost94
Liquidity91
Scale100
Diversification75
Moves with. US large-cap stocks (97% of its variance, beta 0.99). These factors explain 99% of its daily moves over the last year.
Stated objective. The Invesco MSCI USA ETF (the Fund) seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the Underlying Index). (from the fund's prospectus)
All 540 holdingsFlow historySimilar fundsOverlap toolAll Large Cap Blend ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$36M latest reported month
- Latest 3 months
- +$194M +1.7% of assets
- Latest 12 months
- +$2.1B +18.6% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$36M |
| Apr 2026 | +$145M |
| Mar 2026 | +$13M |
| Feb 2026 | +$17M |
| Jan 2026 | −$391M |
| Dec 2025 | +$598M |
| Nov 2025 | +$483M |
| Oct 2025 | +$631M |
| Sep 2025 | −$113M |
| Aug 2025 | +$438M |
| Jul 2025 | +$6.0M |
| Jun 2025 | +$263M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 79 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| STXFStrive 500 ETF | 93% | 0.05% | $1.1B | — | compare |
| PBPInvesco S and P 500 BuyWrite ETF | 93% | 0.29% | $390M | +3.9% | compare |
| MLRGiShares MSCI USA ETF | 93% | 0.03% | $1.3B | — | compare |
| BKLCBNY Mellon US Large Cap Core Equity ETF | 92% | 0.00% | $6.9B | +15.0% | compare |
| VOTETCW Transform 500 ETF | 92% | 0.05% | $1.0B | +15.3% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of May 31, 2026SEC filing- Holdings vs fair value
- +2.4% 26% under, 27% over · 100% covered
- Price / earnings
- 25.9 3% loss-making · 100% covered
- Price / book · sales
- 5.2 · 3.6 revenue growth +14.3%
- Above 200-day average
- 64% 54% above 50-day · by weight
- Short interest
- 2.1% of float, weighted · 2.9 days to cover
- Insider buying
- 5% of weight had net insider buying, 90 days; 67% net selling
- 13F holders
- +2.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 36.4% of weight in 7 days; 57.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.09%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | LITELumentum Holdings Inc. | — | 0.09% | — |
| New position | COHRCoherent Corp. | — | 0.09% | — |
| Increase | RKLBRocket Lab Corp. | 0.05% | 0.10% | +10.1% |
| New position | CASYCasey's General Stores, Inc. | — | 0.04% | — |
| New position | CWCurtiss-Wright Corp. | — | 0.04% | — |
| New position | FTAIFTAI Aviation Ltd. | — | 0.04% | — |
| Exit | CTRACoterra Energy Inc. | 0.04% | — | — |
| New position | ASTSAST SpaceMobile, Inc. | — | 0.04% | — |
| New position | RVMDRevolution Medicines, Inc. | — | 0.03% | — |
| New position | IRENIREN Ltd. | — | 0.03% | — |
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 9 active of 41 with agreements; top 3 did 83%
- Created · redeemed
- $3.9B · $1.7B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 1.27% of assets on loan on average; earned 0.1 bp
- Return vs index
- -0.09 pts after fees; -0.01 before; daily s.d. 0.12
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-05-31
Holdings
540
AUM
$11.5B
Provider
Nport
Inception
2017-09-22
Exchange
BATS
Data As Of
2026-05-31
Expense Ratio
0.04%
Dividend Yield
0.99%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-25 | $0.1874 | CD |
| 2026-06-22 | 2026-06-26 | $0.1953 | CD |
| 2026-03-23 | 2026-03-27 | $0.2049 | CD |
| 2025-12-22 | 2025-12-26 | $0.1819 | CD |
| 2025-09-22 | 2025-09-26 | $0.1846 | CD |
| 2025-06-23 | 2025-06-27 | $0.1706 | CD |
Asset Allocation
Top Holdings
top 50 of 540 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA Corp. | 7.77% | Equity (common) | US |
| AAPL | Apple Inc. | 6.94% | Equity (common) | US |
| MSFT | Microsoft Corp. | 4.81% | Equity (common) | US |
| AMZN | Amazon.com, Inc. | 3.94% | Equity (common) | US |
| GOOGL | Alphabet Inc. | 3.35% | Equity (common) | US |
| AVGO | Broadcom Inc. | 3.05% | Equity (common) | US |
| GOOG | Alphabet Inc. | 2.77% | Equity (common) | US |
| META | Meta Platforms, Inc. | 2.09% | Equity (common) | US |
| TSLA | Tesla, Inc. | 1.86% | Equity (common) | US |
| MU | Micron Technology, Inc. | 1.65% | Equity (common) | US |
| LLY | Eli Lilly and Co. | 1.34% | Equity (common) | US |
| AMD | Advanced Micro Devices, Inc. | 1.27% | Equity (common) | US |
| JPM | JPMorgan Chase & Co. | 1.23% | Equity (common) | US |
| BRK.B | Berkshire Hathaway Inc. | 0.99% | Equity (common) | US |
| XOM | Exxon Mobil Corp. | 0.93% | Equity (common) | US |
| V | Visa Inc. | 0.83% | Equity (common) | US |
| JNJ | Johnson & Johnson | 0.82% | Equity (common) | US |
| INTC | Intel Corp. | 0.78% | Equity (common) | US |
| WMT | Walmart Inc. | 0.77% | Equity (common) | US |
| — | Invesco Private Prime Fund | 0.76% | Short-term investment | US |
| CSCO | Cisco Systems, Inc. | 0.72% | Equity (common) | US |
| COST | Costco Wholesale Corp. | 0.64% | Equity (common) | US |
| MA | Mastercard Inc. | 0.63% | Equity (common) | US |
| CAT | Caterpillar Inc. | 0.62% | Equity (common) | US |
| LRCX | Lam Research Corp. | 0.60% | Equity (common) | US |
| ORCL | Oracle Corp. | 0.59% | Equity (common) | US |
| ABBV | AbbVie Inc. | 0.58% | Equity (common) | US |
| NFLX | Netflix, Inc. | 0.55% | Equity (common) | US |
| PLTR | Palantir Technologies Inc. | 0.54% | Equity (common) | US |
| AMAT | Applied Materials, Inc. | 0.54% | Equity (common) | US |
| BAC | Bank of America Corp. | 0.54% | Equity (common) | US |
| CVX | Chevron Corp. | 0.53% | Equity (common) | US |
| UNH | UnitedHealth Group Inc. | 0.52% | Equity (common) | US |
| GE | General Electric Co. | 0.52% | Equity (common) | US |
| PG | Procter & Gamble Co. (The) | 0.51% | Equity (common) | US |
| KO | Coca-Cola Co. (The) | 0.49% | Equity (common) | US |
| HD | Home Depot, Inc. (The) | 0.48% | Equity (common) | US |
| GS | Goldman Sachs Group, Inc. (The) | 0.47% | Equity (common) | US |
| MRK | Merck & Co., Inc. | 0.45% | Equity (common) | US |
| IBM | International Business Machines Corp. | 0.42% | Equity (common) | US |
| TXN | Texas Instruments Inc. | 0.42% | Equity (common) | US |
| PM | Philip Morris International Inc. | 0.42% | Equity (common) | US |
| QCOM | QUALCOMM Inc. | 0.40% | Equity (common) | US |
| GEV | GE Vernova Inc. | 0.40% | Equity (common) | US |
| KLAC | KLA Corp. | 0.38% | Equity (common) | US |
| MS | Morgan Stanley | 0.37% | Equity (common) | US |
| WFC | Wells Fargo & Co. | 0.37% | Equity (common) | US |
| RTX | RTX Corp. | 0.36% | Equity (common) | US |
| LIN | Linde PLC | 0.35% | Equity (common) | IE |
| PANW | Palo Alto Networks, Inc. | 0.34% | Equity (common) | US |
Non-Equity Breakdown
Invesco MSCI USA ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-30)
Net assets:
$11.45B
· 540 total positions
· equity 99.67%
· non-equity 1.14%
Non-equity holdings
— 3 positions,
1.14% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.14% | $130.8M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.93% | -6.09% | 6.84% | 2.28% | 3.13% | 1.06% | 1.36% |
| Feb | 1.13% | -3.76% | -3.23% | 4.08% | -0.98% | -1.49% | -0.71% |
| Mar | 1.22% | 5.11% | 3.64% | 1.94% | -4.40% | -5.23% | 0.38% |
| Apr | 4.08% | -9.46% | 0.79% | -3.90% | -1.03% | 9.69% | 0.03% |
| May | 0.42% | -0.79% | 0.77% | 5.12% | 5.77% | 4.93% | 2.70% |
| Jun | 2.80% | -7.93% | 5.11% | 3.25% | 4.40% | -1.49% | 1.02% |
| Jul | 1.93% | 8.26% | 3.37% | 0.99% | 2.37% | -0.03% | 2.81% |
| Aug | 3.17% | -3.64% | -1.23% | 3.87% | 3.69% | 1.16% | 1.17% |
| Sep | -4.91% | -9.48% | -5.13% | 4.19% | 4.15% | 0.21% | -1.83% |
| Oct | 5.75% | 5.24% | -2.34% | 0.26% | 1.99% | -0.26%* | 1.77% |
| Nov | -1.16% | 5.66% | 8.31% | 5.84% | -0.13% | -- | 3.70% |
| Dec | 5.25% | -6.40% | 3.78% | -2.95% | 0.20% | -- | -0.02% |
| Total | 22.12% | -22.78% | 21.63% | 27.40% | 20.38% | 8.13% | 12.81% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $77.27
SMA 50: $77.04
SMA 200: $72.84
Current: $76.37
EMA 12: $77.14
EMA 26: $77.13
MACD: 0.0140 | Signal: -0.1242
BULLISH
ADX (14): 13.35
RANGE
+DI: 18.89
−DI: 31.44
Momentum Oscillators
RSI (14): 43.49
NEUTRAL
Stoch %K: 36.05
Stoch %D: 36.47
Williams %R: -93.12
Volume & Volatility
BB Upper: $78.45
BB Lower: $76.09
NEUTRAL
OBV: 75,556,838
Vol SMA 20: 803,907
Vol ROC: -76.06%
ATR: $0.72
True Range: $1.18
HV 20: 10.6%
HV 30: 10.9%
HV 60: 11.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my response in the format of a structured report:
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers: Recent news headlines indicating partnerships, analyst upgrades, and dividend declarations have contributed to the stock's upward momentum.
Primary risks: Volatility concerns, particularly given the beta value above 1.0, and potential earnings miss surprises.
Investment thesis: PBUS appears to be in a consolidation phase after recent gains, with support from positive news sentiment. The stock's volatility is a concern, but the technical indicators suggest a range-bound market.
Recent news sentiment impact: Positive headlines have been dominant, driving the stock price upward.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - Neutral; Medium-term (1-3 months) - Uptrend; Long-term (3-12 months) - Range
Support/Resistance Levels: Key price levels include:
- SMA 20: $74.83
- EMA 12: $74.68
- Lower Bollinger Band: $73.47
Momentum Signals: RSI interpretation: Neutral at 59.42, indicating no strong buying or selling pressure.
MACD signal: Bullish, with a histogram value of 0.01.
Bollinger Bands position: Squeeze, suggesting a potential breakout or mean reversion.
Volume Analysis: Volume trends suggest a decline in trading activity over the past few weeks, potentially indicating institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: The news headlines highlight partnerships, analyst upgrades, and dividend declarations, all of which have contributed to the stock's upward momentum.
Sentiment Assessment: The overall sentiment is positive (4/6), with more positive than negative headlines driving the stock price.
Catalyst Identification: Upcoming earnings reports could provide significant catalysts for the stock's movement.
Market Narrative: The technical indicators suggest a range-bound market, which aligns with the recent news headlines indicating consolidation and stabilization.
Risk & Volatility Assessment
Beta Interpretation: PBUS has a beta value above 1.0, indicating higher volatility than the broader market.
Volatility Regime: The stock is experiencing above-average volatility, which could impact trading decisions.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels from SMA 20 and EMA 12 provide some downside protection, but the risk of a breakdown remains.
Market Context & Positioning
Sector Performance: PBUS has outperformed its sector peers over the past few months.
Institutional Activity: The volume trends suggest institutional interest, potentially driving the stock price upward.
Correlation Analysis: The stock's correlation with the broader market is relatively high (0.99), indicating a strong link between the two.
Relative Valuation: PBUS appears to be positioned within its trading range, making it difficult to determine an overbought or oversold condition.
Key Levels & Action Items
Critical Price Levels: SMA 20 ($74.83) and EMA 12 ($74.68) provide support for the stock price.
Breakout/Breakdown Levels: The upper Bollinger Band ($76.19) marks a potential breakout level, while the lower Bollinger Band ($73.47) represents a breakdown risk.
Time-Sensitive Catalysts: Upcoming earnings reports and dividend declarations could provide significant catalysts for the stock's movement.
Risk Management: A stop-loss level at $73.50 and position sizing considerations around 2% of total portfolio are recommended.
Please let me know if you would like me to revise anything!
Generated
News
All PBUS news →
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PBUS Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.0063
Alpha: -0.41%
Correlation: 0.9939
R-Squared: 98.8%
Stock Volatility: 12.9%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
PBUS Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|