iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Reaches New 1-Year High – Time to Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $100.87 and last traded at $100.85, with a volume of 4293 shares changing hands. The stock had previously closed at $100.25.

iShares MSCI USA Equal Weighted ETF Price Performance

The business has a 50-day moving average of $96.42 and a 200-day moving average of $92.10. The firm has a market cap of $844.69 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of institutional investors have recently bought and sold shares of EUSA. Arkadios Wealth Advisors increased its position in iShares MSCI USA Equal Weighted ETF by 5.0% during the third quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock worth $31,344,000 after buying an additional 15,577 shares during the last quarter. Davidson Investment Advisors boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 3.8% during the second quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock worth $27,067,000 after acquiring an additional 11,344 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 24.6% during the third quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock worth $2,436,000 after acquiring an additional 5,031 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 10.3% during the third quarter. Sunbelt Securities Inc. now owns 37,590 shares of the company’s stock worth $3,599,000 after acquiring an additional 3,516 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF during the third quarter worth approximately $218,000.

iShares MSCI USA Equal Weighted ETF Company Profile

iShares MSCI USA ETF, formerly iShares MSCI USA Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment resulte that correspond to the price and yield performance of the MSCI USA Index (the Underlying Index). The Underlying Index is a market capitalization weighted index designed to measure the performance of equity securities in the 85% by market capitalization of equity securities listed on stock exchanges in the United States.