iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Shares Up 0% – Should You Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares shot up 0% during mid-day trading on Monday . The company traded as high as $97.83 and last traded at $97.81. 86,922 shares were traded during trading, an increase of 17% from the average session volume of 74,089 shares. The stock had previously closed at $97.77.

iShares MSCI USA Equal Weighted ETF Price Performance

The firm has a market capitalization of $1.46 billion, a PE ratio of 20.80 and a beta of 1.04. The business’s 50-day moving average price is $91.71 and its 200-day moving average price is $95.94.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in iShares MSCI USA Equal Weighted ETF by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,919 shares of the company’s stock valued at $2,290,000 after buying an additional 3,423 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at $254,000. Crews Bank & Trust purchased a new position in iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at $14,322,000. Transcend Capital Advisors LLC grew its position in iShares MSCI USA Equal Weighted ETF by 35.1% in 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 during the last quarter. Finally, Jones Financial Companies Lllp grew its position in iShares MSCI USA Equal Weighted ETF by 135.4% in the 4th quarter. Jones Financial Companies Lllp now owns 845 shares of the company’s stock valued at $81,000 after buying an additional 486 shares during 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.