iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 52-Week Low – Time to Sell?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price reached a new 52-week low on Saturday . The stock traded as low as $85.00 and last traded at $85.20, with a volume of 607007 shares changing hands. The stock had previously closed at $90.26.

iShares MSCI USA Equal Weighted ETF Price Performance

The business has a 50-day moving average of $96.33 and a 200-day moving average of $97.04. The company has a market capitalization of $1.10 billion, a P/E ratio of 21.16 and a beta of 1.11.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in iShares MSCI USA Equal Weighted ETF by 135.4% in the 4th quarter. Jones Financial Companies Lllp now owns 845 shares of the company’s stock valued at $81,000 after acquiring an additional 486 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter worth about $254,000. Captrust Financial Advisors increased its stake in iShares MSCI USA Equal Weighted ETF by 22.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock worth $282,000 after buying an additional 549 shares during the period. Syon Capital LLC bought a new stake in iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $377,000. Finally, Transcend Capital Advisors LLC boosted its position in iShares MSCI USA Equal Weighted ETF by 35.1% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,366 shares of the company’s stock valued at $416,000 after buying an additional 1,135 shares during the period.

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.