iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 1-Year High – Here’s Why

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $113.50 and last traded at $113.41, with a volume of 7248 shares traded. The stock had previously closed at $112.55.

iShares MSCI USA Equal Weighted ETF Trading Up 0.7%

The stock has a 50 day simple moving average of $108.71 and a 200 day simple moving average of $106.32. The firm has a market capitalization of $1.66 billion, a PE ratio of 20.72 and a beta of 0.97.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently made changes to their positions in EUSA. Palladiem LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at approximately $8,284,000. Calydon Capital boosted its position in shares of iShares MSCI USA Equal Weighted ETF by 37.5% during the fourth quarter. Calydon Capital now owns 283,196 shares of the company’s stock valued at $29,274,000 after purchasing an additional 77,244 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI USA Equal Weighted ETF by 8.1% during the third quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after purchasing an additional 40,568 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at approximately $1,575,000. Finally, Sunbelt Securities Inc. boosted its position in shares of iShares MSCI USA Equal Weighted ETF by 26.5% during the first quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock valued at $6,376,000 after purchasing an additional 13,142 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. The Fund invests at least 90% of its assets in the securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.