iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 52-Week High – Still a Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) hit a new 52-week high during trading on Friday . The company traded as high as $113.50 and last traded at $113.41, with a volume of 7248 shares trading hands. The stock had previously closed at $112.55.

iShares MSCI USA Equal Weighted ETF Trading Up 0.7%

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.72 and a beta of 0.97. The stock’s 50 day moving average is $108.94 and its 200 day moving average is $106.37.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in iShares MSCI USA Equal Weighted ETF by 8.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after acquiring an additional 40,568 shares during the last quarter. Calydon Capital grew its stake in iShares MSCI USA Equal Weighted ETF by 37.5% in the 4th quarter. Calydon Capital now owns 283,196 shares of the company’s stock valued at $29,274,000 after acquiring an additional 77,244 shares during the last quarter. Arkadios Wealth Advisors grew its stake in iShares MSCI USA Equal Weighted ETF by 5.2% in the 1st quarter. Arkadios Wealth Advisors now owns 251,323 shares of the company’s stock valued at $25,577,000 after acquiring an additional 12,457 shares during the last quarter. Davidson Investment Advisors grew its stake in iShares MSCI USA Equal Weighted ETF by 4.9% in the 4th quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock valued at $24,245,000 after acquiring an additional 10,936 shares during the last quarter. Finally, Crews Bank & Trust grew its stake in iShares MSCI USA Equal Weighted ETF by 0.4% in the 4th quarter. Crews Bank & Trust now owns 151,634 shares of the company’s stock valued at $15,674,000 after acquiring an additional 604 shares during the last quarter.

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. The Fund invests at least 90% of its assets in the securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.