Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 141,305 shares changed hands during trading, an increase of 212% from the previous session’s volume of 45,268 shares.The stock last traded at $97.37 and had previously closed at $97.08.
iShares MSCI USA Equal Weighted ETF Stock Performance
The company has a fifty day simple moving average of $93.52 and a two-hundred day simple moving average of $90.34. The stock has a market capitalization of $811.62 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.
Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bangor Savings Bank increased its position in iShares MSCI USA Equal Weighted ETF by 94.0% during the 1st quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock worth $1,040,000 after purchasing an additional 5,540 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 26.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock valued at $1,790,000 after acquiring an additional 4,258 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 9.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock valued at $3,007,000 after acquiring an additional 3,078 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 2.3% during the 1st quarter. Arkadios Wealth Advisors now owns 300,878 shares of the company’s stock valued at $27,377,000 after acquiring an additional 6,679 shares in the last quarter. Finally, Davidson Investment Advisors grew its position in iShares MSCI USA Equal Weighted ETF by 3.8% during the 2nd quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock worth $27,067,000 after acquiring an additional 11,344 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.
Further Reading
- Five stocks we like better than iShares MSCI USA Equal Weighted ETF
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- The Role Economic Reports Play in a Successful Investment Strategy
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for iShares MSCI USA Equal Weighted ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Equal Weighted ETF and related companies with MarketBeat.com's FREE daily email newsletter.
