iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Trading 0.6% Higher

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shot up 0.6% during trading on Monday . The stock traded as high as $87.78 and last traded at $87.72. 63,825 shares were traded during mid-day trading, an increase of 41% from the average session volume of 45,367 shares. The stock had previously closed at $87.19.

iShares MSCI USA Equal Weighted ETF Price Performance

The firm has a market capitalization of $719.60 million, a P/E ratio of 19.92 and a beta of 0.99. The firm’s 50 day moving average is $88.20 and its two-hundred day moving average is $83.17.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently bought and sold shares of EUSA. Column Capital Advisors LLC raised its stake in iShares MSCI USA Equal Weighted ETF by 20.3% in the third quarter. Column Capital Advisors LLC now owns 2,999 shares of the company’s stock valued at $226,000 after buying an additional 506 shares during the period. NBC Securities Inc. acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth approximately $33,000. Davidson Investment Advisors raised its stake in iShares MSCI USA Equal Weighted ETF by 14.1% in the 3rd quarter. Davidson Investment Advisors now owns 237,736 shares of the company’s stock valued at $17,880,000 after acquiring an additional 29,397 shares during the period. Sunbelt Securities Inc. raised its stake in iShares MSCI USA Equal Weighted ETF by 0.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 33,018 shares of the company’s stock valued at $2,483,000 after acquiring an additional 261 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in iShares MSCI USA Equal Weighted ETF by 7.7% during the fourth quarter. Arkadios Wealth Advisors now owns 294,199 shares of the company’s stock worth $24,842,000 after purchasing an additional 21,046 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.