iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 52-Week High – Time to Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $104.53 and last traded at $104.4860, with a volume of 69221 shares. The stock had previously closed at $103.96.

iShares MSCI USA Equal Weighted ETF Stock Up 0.5%

The company has a market cap of $1.41 billion, a price-to-earnings ratio of 20.72 and a beta of 1.03. The business has a fifty day simple moving average of $102.44 and a 200 day simple moving average of $100.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 1st quarter valued at approximately $45,000. Dorsey & Whitney Trust CO LLC acquired a new position in iShares MSCI USA Equal Weighted ETF during the first quarter worth $882,000. NewEdge Advisors LLC boosted its position 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 purchasing an additional 723 shares in the last quarter. Tolleson Wealth Management Inc. grew its holdings in iShares MSCI USA Equal Weighted ETF by 7.4% in the first quarter. Tolleson Wealth Management Inc. now owns 7,978 shares of the company’s stock valued at $747,000 after purchasing an additional 548 shares during the last quarter. Finally, Lbmc Investment Advisors LLC acquired a new stake in iShares MSCI USA Equal Weighted ETF in the second quarter valued at $833,000.

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.