iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw an uptick in trading volume on Friday . 60,572 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 44,383 shares.The stock last traded at $87.45 and had previously closed at $86.78.

iShares MSCI USA Equal Weighted ETF Stock Up 0.8 %

The firm has a market cap of $730.21 million, a P/E ratio of 19.92 and a beta of 0.99. The stock’s 50-day moving average is $88.23 and its 200-day moving average is $83.36.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in shares of iShares MSCI USA Equal Weighted ETF by 0.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 33,018 shares of the company’s stock worth $2,483,000 after purchasing an additional 261 shares in the last quarter. NBC Securities Inc. acquired a new stake in iShares MSCI USA Equal Weighted ETF during the third quarter worth $33,000. Cassady Schiller Wealth Management LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 49.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 1,420 shares of the company’s stock valued at $120,000 after buying an additional 470 shares during the period. Column Capital Advisors LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 20.3% in the 3rd quarter. Column Capital Advisors LLC now owns 2,999 shares of the company’s stock valued at $226,000 after buying an additional 506 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of iShares MSCI USA Equal Weighted ETF by 9.0% in the 4th quarter. Parallel Advisors LLC now owns 12,055 shares of the company’s stock valued at $1,018,000 after buying an additional 998 shares in the last quarter.

About iShares MSCI USA Equal Weighted ETF

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.