iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Strong Trading Volume – Still a Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Tuesday . 141,305 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 45,268 shares.The stock last traded at $97.37 and had previously closed at $97.08.

iShares MSCI USA Equal Weighted ETF Stock Down 0.1 %

The company has a market capitalization of $811.62 million, a P/E ratio of 20.39 and a beta of 0.97. The company has a 50 day simple moving average of $93.52 and a two-hundred day simple moving average of $90.34.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EUSA. Bangor Savings Bank grew its holdings in iShares MSCI USA Equal Weighted ETF by 94.0% during the 1st quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock valued at $1,040,000 after purchasing an additional 5,540 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 26.4% during 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. grew its stake in shares of 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 during the last quarter. Davidson Investment Advisors raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 3.8% in the second quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock worth $27,067,000 after buying an additional 11,344 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of 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 acquiring an additional 6,679 shares during the last quarter.

About iShares MSCI USA Equal Weighted ETF

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.