iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $96.33 and last traded at $96.33, with a volume of 3084 shares trading hands. The stock had previously closed at $95.43.
iShares MSCI USA Equal Weighted ETF Stock Up 1.0 %
The company has a market capitalization of $804.69 million, a price-to-earnings ratio of 20.39 and a beta of 0.97. The company has a 50-day moving average price of $92.68 and a 200-day moving average price of $90.12.
Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF
Several hedge funds and other institutional investors have recently made changes to their positions in EUSA. Arkadios Wealth Advisors grew its position in iShares MSCI USA Equal Weighted ETF by 3.6% during the second quarter. Arkadios Wealth Advisors now owns 311,808 shares of the company’s stock worth $27,517,000 after buying an additional 10,930 shares in the last quarter. Davidson Investment Advisors lifted its stake in 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 purchasing an additional 11,344 shares during the period. Sunbelt Securities Inc. lifted 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 worth $3,007,000 after purchasing an additional 3,078 shares during the period. Farther Finance Advisors LLC lifted its stake in 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 worth $1,790,000 after purchasing an additional 4,258 shares during the period. Finally, Bangor Savings Bank lifted its stake in iShares MSCI USA Equal Weighted ETF by 94.0% during 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 during the period.
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.
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