iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Strong Trading Volume

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSAGet Free Report) saw strong trading volume on Wednesday . 126,011 shares were traded during trading, an increase of 195% from the previous session’s volume of 42,694 shares.The stock last traded at $87.56 and had previously closed at $88.42.

iShares MSCI USA Equal Weighted ETF Stock Down 1.1 %

The firm’s 50-day simple moving average is $88.59 and its 200 day simple moving average is $85.37. The stock has a market capitalization of $730.54 million, a P/E ratio of 20.39 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of institutional investors have recently bought and sold shares of the stock. Davidson Investment Advisors grew its stake in iShares MSCI USA Equal Weighted ETF by 14.1% during 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 in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 7.7% during the 4th quarter. Arkadios Wealth Advisors now owns 294,199 shares of the company’s stock valued at $24,842,000 after buying an additional 21,046 shares during the last quarter. Bangor Savings Bank lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 94.0% during the 1st quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock valued at $1,040,000 after buying an additional 5,540 shares during the last quarter. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 4.6% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 113,772 shares of the company’s stock valued at $9,607,000 after buying an additional 5,011 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $218,000.

About iShares MSCI USA Equal Weighted ETF

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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.

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