iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Reaches New 12-Month High – Still a Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares reached a new 52-week high on Friday . The company traded as high as $108.73 and last traded at $108.73, with a volume of 5459 shares changing hands. The stock had previously closed at $107.27.

iShares MSCI USA Equal Weighted ETF Stock Up 1.2%

The business’s 50-day moving average is $105.04 and its two-hundred day moving average is $104.27. The company has a market capitalization of $1.58 billion, a P/E ratio of 20.72 and a beta of 0.99.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 8.1% during the third quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after purchasing an additional 40,568 shares in the last quarter. Calydon Capital lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 37.5% during the fourth quarter. Calydon Capital now owns 283,196 shares of the company’s stock valued at $29,274,000 after purchasing an additional 77,244 shares in the last quarter. Davidson Investment Advisors lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 4.9% during the fourth quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock valued at $24,245,000 after purchasing an additional 10,936 shares in the last quarter. Crews Bank & Trust increased its holdings in iShares MSCI USA Equal Weighted ETF by 0.4% during the fourth quarter. Crews Bank & Trust now owns 151,634 shares of the company’s stock worth $15,674,000 after buying an additional 604 shares during the last quarter. Finally, Palladiem LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF during the fourth quarter worth about $8,284,000.

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.