iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Shares Up 0.5%

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price were up 0.5% during mid-day trading on Friday . The stock traded as high as $80.09 and last traded at $79.79. Approximately 42,382 shares traded hands during trading, a decline of 4% from the average daily volume of 44,235 shares. The stock had previously closed at $79.42.

iShares MSCI USA Equal Weighted ETF Price Performance

The firm has a 50-day moving average of $79.52 and a 200-day moving average of $76.65. The stock has a market cap of $510.64 million, a PE ratio of 14.92 and a beta of 1.08.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at approximately $56,000. Cambridge Investment Research Advisors Inc. increased its position in iShares MSCI USA Equal Weighted ETF by 35.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,276 shares of the company’s stock worth $458,000 after purchasing an additional 1,629 shares during the last quarter. Crescent Grove Advisors LLC raised its stake in iShares MSCI USA Equal Weighted ETF by 37.6% during the first quarter. Crescent Grove Advisors LLC now owns 8,314 shares of the company’s stock valued at $628,000 after purchasing an additional 2,274 shares in the last quarter. InterOcean Capital Group LLC bought a new position in iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at $801,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF in the 2nd quarter worth $1,507,000.

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.