iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) traded down 0.1% on Friday . The company traded as low as $61.57 and last traded at $61.58, 9,737 shares changed hands during trading. A decline of 57% from the average session volume of 22,522 shares. The stock had previously closed at $61.63.
The stock has a 50 day moving average price of $59.75 and a two-hundred day moving average price of $58.94.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Elmwood Wealth Management Inc. increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 10.6% during the second quarter. Elmwood Wealth Management Inc. now owns 6,595 shares of the company’s stock worth $391,000 after purchasing an additional 630 shares during the period. Well Done LLC bought a new position in shares of iShares MSCI USA Equal Weighted ETF during the second quarter worth approximately $1,600,000. Finally, Outlook Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 45.9% during the second quarter. Outlook Wealth Advisors LLC now owns 36,853 shares of the company’s stock worth $2,186,000 after purchasing an additional 11,601 shares during the period.
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.
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