iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Large Volume Increase

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw unusually-strong trading volume on Friday . Approximately 105,160 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 42,724 shares.The stock last traded at $90.32 and had previously closed at $90.83.

iShares MSCI USA Equal Weighted ETF Stock Performance

The firm has a market capitalization of $754.17 million, a PE ratio of 20.39 and a beta of 0.97. The company’s 50 day simple moving average is $88.84 and its 200-day simple moving average is $87.37.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its stake in shares of iShares MSCI USA Equal Weighted ETF by 7.7% during the 4th quarter. Arkadios Wealth Advisors now owns 294,199 shares of the company’s stock valued at $24,842,000 after purchasing an additional 21,046 shares in the last quarter. Cubic Asset Management LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at approximately $203,000. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 4.6% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 113,772 shares of the company’s stock valued at $9,607,000 after purchasing an additional 5,011 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 94.0% during the first quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock valued at $1,040,000 after purchasing an additional 5,540 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 9.0% during the fourth quarter. Parallel Advisors LLC now owns 12,055 shares of the company’s stock valued at $1,018,000 after purchasing an additional 998 shares during 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.