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

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $97.55 and last traded at $97.24, with a volume of 2630 shares. The stock had previously closed at $97.29.

iShares MSCI USA Equal Weighted ETF Stock Performance

The company has a market capitalization of $814.88 million, a PE ratio of 20.39 and a beta of 0.97. The company has a 50 day moving average price of $93.85 and a 200 day moving average price of $90.44.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new position in iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth $45,000. Bangor Savings Bank grew its stake in iShares MSCI USA Equal Weighted ETF by 94.0% in the first quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock worth $1,040,000 after purchasing an additional 5,540 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 26.4% in the second quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock valued at $1,790,000 after buying an additional 4,258 shares during the last quarter. Sunbelt Securities Inc. raised its stake in iShares MSCI USA Equal Weighted ETF by 9.9% during the second quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock valued at $3,007,000 after buying an additional 3,078 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in iShares MSCI USA Equal Weighted ETF by 2.3% during the 1st quarter. Arkadios Wealth Advisors now owns 300,878 shares of the company’s stock worth $27,377,000 after buying an additional 6,679 shares during the last quarter.

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.