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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw unusually-high trading volume on Friday . Approximately 220,357 shares were traded during trading, an increase of 224% from the previous session’s volume of 68,057 shares.The stock last traded at $87.83 and had previously closed at $86.69.

iShares MSCI USA Equal Weighted ETF Stock Performance

The stock has a market cap of $1.15 billion, a P/E ratio of 19.24 and a beta of 1.05. The company has a 50-day simple moving average of $94.52 and a 200-day simple moving average of $96.62.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EUSA. Jones Financial Companies Lllp boosted its holdings in shares of 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. Captrust Financial Advisors lifted its stake in iShares MSCI USA Equal Weighted ETF by 22.9% in the third quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock valued at $282,000 after acquiring an additional 549 shares during the last quarter. Transcend Capital Advisors LLC grew its position in shares of 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 acquiring an additional 1,135 shares during the period. Crescent Grove Advisors LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter worth about $254,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 12.0% in 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 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.