iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 12-Month High – Here’s What Happened

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $111.97 and last traded at $111.97, with a volume of 7627 shares trading hands. The stock had previously closed at $111.50.

iShares MSCI USA Equal Weighted ETF Stock Performance

The company has a market capitalization of $1.65 billion, a PE ratio of 20.72 and a beta of 0.97. The company’s fifty day moving average is $106.74 and its 200-day moving average is $105.59.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Palladiem LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at $8,284,000. Calydon Capital increased its stake in iShares MSCI USA Equal Weighted ETF by 37.5% in the 4th quarter. Calydon Capital now owns 283,196 shares of the company’s stock worth $29,274,000 after buying an additional 77,244 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Equal Weighted ETF by 8.1% during the third quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after acquiring an additional 40,568 shares during the period. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at about $1,575,000. Finally, Sunbelt Securities Inc. raised its holdings in iShares MSCI USA Equal Weighted ETF by 26.5% during the first quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock valued at $6,376,000 after acquiring an additional 13,142 shares during the period.

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. 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.