iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Large Volume Increase – Still a Buy?

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Thursday . 239,983 shares traded hands during trading, an increase of 195% from the previous session’s volume of 81,311 shares.The stock last traded at $97.82 and had previously closed at $97.67.

iShares MSCI USA Equal Weighted ETF Trading Up 1.2 %

The stock has a market capitalization of $817.47 million, a P/E ratio of 20.39 and a beta of 0.97. The firm’s fifty day moving average is $97.86 and its 200-day moving average is $96.79.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in iShares MSCI USA Equal Weighted ETF by 22.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock worth $282,000 after acquiring an additional 549 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 24.6% in the third quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,436,000 after buying an additional 5,031 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 16.7% in the third 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 period. Transcend Capital Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 35.1% in the fourth 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 period. Finally, Crescent Grove Advisors LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at approximately $254,000.

iShares MSCI USA Equal Weighted ETF Company Profile

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.