iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume – Should You Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw unusually-strong trading volume on Monday . Approximately 153,128 shares traded hands during trading, an increase of 248% from the previous session’s volume of 44,026 shares.The stock last traded at $101.14 and had previously closed at $101.33.

iShares MSCI USA Equal Weighted ETF Price Performance

The company has a fifty day simple moving average of $98.04 and a two-hundred day simple moving average of $93.18. The company has a market capitalization of $837.25 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EUSA. Riverview Trust Co acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth about $45,000. Captrust Financial Advisors lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 22.9% during the third quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock worth $282,000 after buying an additional 549 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF in the third quarter valued at approximately $218,000. Sunbelt Securities Inc. grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 9.9% in the second quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in iShares MSCI USA Equal Weighted ETF by 26.4% during the second quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock worth $1,790,000 after acquiring an additional 4,258 shares during the period.

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.