iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume – Should You Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw unusually-strong trading volume on Tuesday . Approximately 37,445 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 47,288 shares.The stock last traded at $96.30 and had previously closed at $96.18.

iShares MSCI USA Equal Weighted ETF Stock Performance

The business’s 50-day simple moving average is $98.54 and its 200-day simple moving average is $93.80. The company has a market capitalization of $807.11 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EUSA. Captrust Financial Advisors increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 22.9% in the third quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock worth $282,000 after acquiring an additional 549 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in iShares MSCI USA Equal Weighted ETF by 24.6% during the third quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock worth $2,436,000 after acquiring an additional 5,031 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares MSCI USA Equal Weighted ETF by 9.9% in the second quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock valued at $3,007,000 after purchasing an additional 3,078 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth approximately $218,000. Finally, Riverview Trust Co acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF in the 3rd quarter valued at approximately $45,000.

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.