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

by · The Cerbat Gem

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA – Get Free Report) saw an uptick in trading volume on Tuesday . 184,626 shares changed hands during mid-day trading, an increase of 449% from the previous session’s volume of 33,623 shares.The stock last traded at $105.7930 and had previously closed at $105.17.

iShares MSCI USA Equal Weighted ETF Stock Up 0.7%

The company’s fifty day moving average is $103.19 and its 200-day moving average is $102.14. The company has a market cap of $1.49 billion, a PE ratio of 20.72 and a beta of 1.03.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI USA Equal Weighted ETF by 1,626.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 498,781 shares of the company’s stock worth $49,439,000 after acquiring an additional 469,888 shares in the last quarter. Davidson Investment Advisors boosted its holdings in iShares MSCI USA Equal Weighted ETF by 12.9% in the 3rd quarter. Davidson Investment Advisors now owns 223,608 shares of the company’s stock valued at $23,025,000 after purchasing an additional 25,633 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 6.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 388,029 shares of the company’s stock valued at $38,461,000 after purchasing an additional 22,449 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF in the 2nd quarter valued at approximately $913,000. Finally, Lbmc Investment Advisors LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF in the second quarter valued at approximately $833,000.

About iShares MSCI USA Equal Weighted ETF

(Get Free Report)

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.

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