iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Strong Trading Volume

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Monday . 33,761 shares traded hands during trading, a decline of 21% from the previous session’s volume of 42,841 shares.The stock last traded at $93.80 and had previously closed at $93.40.

iShares MSCI USA Equal Weighted ETF Trading Down 0.0 %

The stock has a 50-day moving average of $89.86 and a two-hundred day moving average of $88.75. The firm has a market cap of $779.53 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Hedge funds have recently made changes to their positions in the company. Cassady Schiller Wealth Management LLC lifted its stake in iShares MSCI USA Equal Weighted ETF by 49.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 1,420 shares of the company’s stock worth $120,000 after acquiring an additional 470 shares in the last quarter. Transcend Capital Advisors LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at about $218,000. Parallel Advisors LLC increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 9.0% in the 4th 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 period. Bangor Savings Bank lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 94.0% in the first 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. Finally, Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 26.4% during the second quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock worth $1,790,000 after purchasing an additional 4,258 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.