iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 1-Year High – Should You Buy?

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) reached a new 52-week high on Tuesday . The stock traded as high as $107.00 and last traded at $106.8090, with a volume of 3040 shares traded. The stock had previously closed at $106.72.

iShares MSCI USA Equal Weighted ETF Price Performance

The firm has a 50 day moving average price of $103.36 and a 200-day moving average price of $102.33. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 20.72 and a beta of 1.03.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of iShares MSCI USA Equal Weighted ETF by 0.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 32,780 shares of the company’s stock valued at $3,249,000 after acquiring an additional 156 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 2.4% in the third quarter. Transcend Capital Advisors LLC now owns 14,512 shares of the company’s stock valued at $1,494,000 after purchasing an additional 347 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in iShares MSCI USA Equal Weighted ETF by 17.0% in the second quarter. Crescent Grove Advisors LLC now owns 4,043 shares of the company’s stock valued at $401,000 after buying an additional 586 shares during the period. NewEdge Advisors LLC boosted its holdings in iShares MSCI USA Equal Weighted ETF by 12.0% during the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after buying an additional 723 shares during the last quarter. Finally, Davidson Trust Co. acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth about $258,000.

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. 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.