iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Strong Trading Volume – Still a Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw unusually-strong trading volume on Monday . Approximately 430,246 shares were traded during mid-day trading, an increase of 118% from the previous session’s volume of 197,678 shares.The stock last traded at $97.14 and had previously closed at $96.24.

iShares MSCI USA Equal Weighted ETF Stock Performance

The company’s 50-day moving average price is $98.42 and its 200-day moving average price is $94.47. The firm has a market capitalization of $801.35 million, a PE ratio of 20.39 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its stake in iShares MSCI USA Equal Weighted ETF by 5.0% in the third quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock valued at $31,344,000 after buying an additional 15,577 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 24.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,436,000 after acquiring an additional 5,031 shares during the period. Sunbelt Securities Inc. raised its position in iShares MSCI USA Equal Weighted ETF by 10.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 37,590 shares of the company’s stock valued at $3,599,000 after purchasing an additional 3,516 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares MSCI USA Equal Weighted ETF by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,919 shares of the company’s stock valued at $2,290,000 after purchasing an additional 3,423 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth $218,000.

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.