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

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw unusually-high trading volume on Monday . Approximately 84,694 shares traded hands during trading, an increase of 23% from the previous session’s volume of 68,600 shares.The stock last traded at $86.73 and had previously closed at $88.28.

iShares MSCI USA Equal Weighted ETF Price Performance

The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 19.24 and a beta of 1.05. The business has a 50-day simple moving average of $93.45 and a two-hundred day simple moving average of $96.39.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Institutional investors have recently modified their holdings of the stock. Goodman Financial Corp acquired a new position in iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at $932,000. JPMorgan Chase & Co. lifted its holdings in iShares MSCI USA Equal Weighted ETF by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 23,919 shares of the company’s stock worth $2,290,000 after acquiring an additional 3,423 shares during the period. Transcend Capital Advisors LLC grew its stake 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 purchasing an additional 1,135 shares during the period. Jones Financial Companies Lllp increased its position in shares of iShares MSCI USA Equal Weighted ETF by 135.4% during the 4th quarter. Jones Financial Companies Lllp now owns 845 shares of the company’s stock valued at $81,000 after purchasing an additional 486 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 12.0% in the 4th quarter. Farther Finance Advisors LLC now owns 28,494 shares of the company’s stock worth $2,717,000 after buying an additional 3,046 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.