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

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw unusually-high trading volume on Monday . Approximately 153,128 shares changed hands during trading, an increase of 248% from the previous session’s volume of 44,026 shares.The stock last traded at $101.14 and had previously closed at $101.33.

iShares MSCI USA Equal Weighted ETF Stock Down 0.4 %

The stock has a market cap of $842.52 million, a P/E ratio of 20.39 and a beta of 0.97. The business’s 50 day simple moving average is $97.94 and its two-hundred day simple moving average is $93.09.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

A number of institutional investors have recently added to or reduced their stakes in EUSA. Riverview Trust Co bought a new position in iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth approximately $45,000. Prime Capital Investment Advisors LLC bought a new position in iShares MSCI USA Equal Weighted ETF during the third quarter worth $218,000. Captrust Financial Advisors lifted its holdings in 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 valued at $282,000 after buying an additional 549 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares MSCI USA Equal Weighted ETF by 26.4% in the second quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock valued at $1,790,000 after buying an additional 4,258 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in iShares MSCI USA Equal Weighted ETF by 9.9% during the second quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock valued at $3,007,000 after acquiring an additional 3,078 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.