iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Reaches New 52-Week High – What’s Next?

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $114.88 and last traded at $114.88, with a volume of 7807 shares changing hands. The stock had previously closed at $114.19.

iShares MSCI USA Equal Weighted ETF Stock Up 0.9%

The stock has a market capitalization of $1.69 billion, a PE ratio of 20.72 and a beta of 0.97. The stock has a fifty day moving average of $110.86 and a 200-day moving average of $107.22.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in iShares MSCI USA Equal Weighted ETF by 12.0% in the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after acquiring an additional 723 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 8.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock worth $55,537,000 after purchasing an additional 40,568 shares during the last quarter. Goodman Financial Corp grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 217.8% during the fourth quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock worth $898,000 after purchasing an additional 5,952 shares in the last quarter. Finley Financial LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 64.3% in the fourth quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock valued at $1,019,000 after buying an additional 3,860 shares during the last quarter. Finally, Crews Bank & Trust raised its stake in iShares MSCI USA Equal Weighted ETF by 0.4% in the fourth quarter. Crews Bank & Trust now owns 151,634 shares of the company’s stock valued at $15,674,000 after buying an additional 604 shares in the last quarter.

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. 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.