iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume – Here’s What Happened

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw strong trading volume on Friday . 147,958 shares were traded during mid-day trading, an increase of 167% from the previous session’s volume of 55,405 shares.The stock last traded at $87.08 and had previously closed at $90.26.

iShares MSCI USA Equal Weighted ETF Stock Performance

The stock has a market capitalization of $1.11 billion, a P/E ratio of 19.24 and a beta of 1.05. The business has a fifty day simple moving average of $96.33 and a 200-day simple moving average of $97.06.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EUSA. Jones Financial Companies Lllp increased its holdings in iShares MSCI USA Equal Weighted ETF by 135.4% during the 4th quarter. Jones Financial Companies Lllp now owns 845 shares of the company’s stock worth $81,000 after purchasing an additional 486 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 22.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock valued at $282,000 after purchasing an additional 549 shares during the period. Transcend Capital Advisors LLC increased its position in iShares MSCI USA Equal Weighted ETF by 35.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,366 shares of the company’s stock valued at $416,000 after buying an additional 1,135 shares in the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter worth $254,000. Finally, Farther Finance Advisors LLC increased its stake in iShares MSCI USA Equal Weighted ETF by 12.0% during the 4th quarter. Farther Finance Advisors LLC now owns 28,494 shares of the company’s stock valued at $2,717,000 after purchasing an additional 3,046 shares in the last quarter.

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.