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

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Tuesday . 133,173 shares were traded during trading, an increase of 189% from the previous session’s volume of 46,039 shares.The stock last traded at $98.37 and had previously closed at $98.93.

iShares MSCI USA Equal Weighted ETF Price Performance

The business has a fifty day moving average of $98.56 and a 200-day moving average of $93.65. The stock has a market cap of $794.34 million, a PE ratio of 20.39 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EUSA. Sunbelt Securities Inc. lifted its holdings in iShares MSCI USA Equal Weighted ETF by 10.3% during the third quarter. Sunbelt Securities Inc. now owns 37,590 shares of the company’s stock worth $3,599,000 after buying an additional 3,516 shares during the period. Captrust Financial Advisors boosted its holdings in shares of 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 valued at $282,000 after acquiring an additional 549 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth approximately $218,000. Farther Finance Advisors LLC lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 24.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,436,000 after purchasing an additional 5,031 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in iShares MSCI USA Equal Weighted ETF by 5.0% during the third quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock worth $31,344,000 after buying an additional 15,577 shares in 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.