iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 12-Month High – What’s Next?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $106.52 and last traded at $106.45, with a volume of 233079 shares. The stock had previously closed at $105.17.

iShares MSCI USA Equal Weighted ETF Trading Up 0.7%

The stock has a market cap of $1.49 billion, a PE ratio of 20.72 and a beta of 1.03. The business has a 50-day moving average price of $103.19 and a 200 day moving average price of $102.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Davidson Trust Co. bought a new stake in iShares MSCI USA Equal Weighted ETF during the 3rd quarter valued at $258,000. Crescent Grove Advisors LLC boosted its stake in iShares MSCI USA Equal Weighted ETF by 17.0% in the 2nd quarter. Crescent Grove Advisors LLC now owns 4,043 shares of the company’s stock worth $401,000 after purchasing an additional 586 shares during the period. NewEdge Advisors LLC grew its holdings in iShares MSCI USA Equal Weighted ETF by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock valued at $629,000 after buying an additional 723 shares in the last quarter. Lbmc Investment Advisors LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF during the second quarter valued at about $833,000. Finally, Goodman Financial Corp lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 217.8% in the fourth quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock worth $898,000 after buying an additional 5,952 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. The Fund invests at least 90% of its assets in the securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.