iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume – Should You Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw strong trading volume on Tuesday . 102,562 shares traded hands during mid-day trading, an increase of 127% from the previous session’s volume of 45,213 shares.The stock last traded at $96.27 and had previously closed at $96.80.

iShares MSCI USA Equal Weighted ETF Stock Down 0.5 %

The company has a 50 day simple moving average of $94.02 and a two-hundred day simple moving average of $90.51. The company has a market capitalization of $804.19 million, a P/E ratio of 20.39 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EUSA. Sunbelt Securities Inc. lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 9.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after acquiring an additional 3,078 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of iShares MSCI USA Equal Weighted ETF by 26.4% during the second quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock worth $1,790,000 after acquiring an additional 4,258 shares during the period. Riverview Trust Co purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF in the third quarter valued at approximately $45,000. Davidson Investment Advisors grew its stake in iShares MSCI USA Equal Weighted ETF by 3.8% in the second quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock worth $27,067,000 after purchasing an additional 11,344 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in iShares MSCI USA Equal Weighted ETF by 3.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 311,808 shares of the company’s stock worth $27,517,000 after purchasing an additional 10,930 shares during the period.

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.