iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 12-Month High – Should You Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) reached a new 52-week high on Friday . The company traded as high as $100.87 and last traded at $100.85, with a volume of 4293 shares. The stock had previously closed at $100.25.

iShares MSCI USA Equal Weighted ETF Trading Up 1.0 %

The company has a market cap of $845.35 million, a price-to-earnings ratio of 20.39 and a beta of 0.97. The business has a fifty day moving average of $96.58 and a two-hundred day moving average of $92.19.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EUSA. Sunbelt Securities Inc. boosted its holdings 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 worth $3,599,000 after buying an additional 3,516 shares during the last quarter. Captrust Financial Advisors increased its position in shares of iShares MSCI USA Equal Weighted ETF by 22.9% during the third quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock worth $282,000 after purchasing an additional 549 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF during the third quarter worth approximately $218,000. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 5,031 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in iShares MSCI USA Equal Weighted ETF by 5.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock worth $31,344,000 after purchasing an additional 15,577 shares during 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.