iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Shares Up 1.5%

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSAGet Rating)’s share price rose 1.5% during trading on Wednesday . The stock traded as high as $71.76 and last traded at $70.86. Approximately 25,669 shares were traded during trading, a decline of 16% from the average daily volume of 30,673 shares. The stock had previously closed at $69.84.

The business has a 50 day simple moving average of $77.79 and a two-hundred day simple moving average of $82.46.

Several hedge funds have recently bought and sold shares of EUSA. Davidson Investment Advisors increased its position in shares of iShares MSCI USA Equal Weighted ETF by 31.7% in the fourth quarter. Davidson Investment Advisors now owns 84,800 shares of the company’s stock worth $7,590,000 after purchasing an additional 20,417 shares during the last quarter. Davidson Trust Co. bought a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter worth approximately $395,000. Goodman Financial Corp bought a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter worth approximately $382,000. Arkadios Wealth Advisors increased its position in shares of iShares MSCI USA Equal Weighted ETF by 28.9% in the fourth quarter. Arkadios Wealth Advisors now owns 44,685 shares of the company’s stock worth $3,999,000 after purchasing an additional 10,022 shares during the last quarter. Finally, Elmwood Wealth Management Inc. bought a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter worth approximately $918,000.

About iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)

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.

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