iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 1-Year High – Still a Buy?

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $96.33 and last traded at $96.33, with a volume of 3084 shares trading hands. The stock had previously closed at $95.43.

iShares MSCI USA Equal Weighted ETF Trading Up 1.1 %

The firm’s 50 day simple moving average is $92.93 and its 200-day simple moving average is $90.21. The stock has a market capitalization of $805.61 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EUSA. Bangor Savings Bank grew its position in shares of iShares MSCI USA Equal Weighted ETF by 94.0% in the 1st quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock valued at $1,040,000 after acquiring an additional 5,540 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 26.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock worth $1,790,000 after buying an additional 4,258 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 9.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after buying an additional 3,078 shares during the period. Davidson Investment Advisors boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 3.8% during the 2nd quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock worth $27,067,000 after buying an additional 11,344 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 2.3% during the 1st quarter. Arkadios Wealth Advisors now owns 300,878 shares of the company’s stock worth $27,377,000 after buying an additional 6,679 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.