iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Large Volume Increase – Time to Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw an uptick in trading volume on Monday . 430,246 shares traded hands during trading, an increase of 118% from the previous session’s volume of 197,678 shares.The stock last traded at $97.14 and had previously closed at $96.24.

iShares MSCI USA Equal Weighted ETF Trading Up 0.1 %

The business has a 50 day simple moving average of $98.42 and a two-hundred day simple moving average of $94.32. The stock has a market cap of $804.61 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 9.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after purchasing an additional 3,078 shares during the last quarter. Riverview Trust Co bought a new stake in iShares MSCI USA Equal Weighted ETF during the 3rd quarter valued at $45,000. Arkadios Wealth Advisors raised its stake in iShares MSCI USA Equal Weighted ETF by 5.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock valued at $31,344,000 after acquiring an additional 15,577 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares MSCI USA Equal Weighted ETF by 24.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,436,000 after acquiring an additional 5,031 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in iShares MSCI USA Equal Weighted ETF during the 3rd quarter valued at $218,000.

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.