Palladiem LLC Takes Position in iShares MSCI USA Equal Weighted ETF $EUSA

Palladiem LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 79,468 shares of the company’s stock, valued at approximately $8,284,000. iShares MSCI USA Equal Weighted ETF makes up 7.8% of Palladiem LLC’s holdings, making the stock its 2nd largest position. Palladiem LLC owned 0.55% of iShares MSCI USA Equal Weighted ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of iShares MSCI USA Equal Weighted ETF by 8.1% in the third quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after buying an additional 40,568 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at approximately $1,575,000. Davidson Investment Advisors raised its position in shares of iShares MSCI USA Equal Weighted ETF by 4.9% in the fourth quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock valued at $24,245,000 after buying an additional 10,936 shares in the last quarter. Goodman Financial Corp raised its position in shares of iShares MSCI USA Equal Weighted ETF by 217.8% in the fourth quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock valued at $898,000 after buying an additional 5,952 shares in the last quarter. Finally, Finley Financial LLC raised its position in shares of iShares MSCI USA Equal Weighted ETF by 64.3% in the fourth quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock valued at $1,019,000 after buying an additional 3,860 shares in the last quarter.

iShares MSCI USA Equal Weighted ETF Trading Down 1.6%

NYSEARCA EUSA opened at $111.59 on Friday. iShares MSCI USA Equal Weighted ETF has a 1-year low of $95.82 and a 1-year high of $113.46. The company has a 50 day moving average of $107.82 and a 200-day moving average of $105.94. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 20.72 and a beta of 0.97.

iShares MSCI USA Equal Weighted ETF 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. The Fund invests at least 90% of its assets in the securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.