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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Tuesday . Approximately 215,570 shares changed hands during trading, an increase of 174% from the previous session’s volume of 78,625 shares.The stock last traded at $104.45 and had previously closed at $104.48.

iShares MSCI USA Equal Weighted ETF Stock Down 0.1%

The company has a market capitalization of $1.41 billion, a P/E ratio of 20.72 and a beta of 1.03. The business’s 50-day moving average is $102.95 and its two-hundred day moving average is $101.75.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Davidson Trust Co. bought a new stake in shares of iShares MSCI USA Equal Weighted ETF in the third quarter valued at approximately $258,000. Crescent Grove Advisors LLC grew its stake in iShares MSCI USA Equal Weighted ETF by 17.0% in the 2nd quarter. Crescent Grove Advisors LLC now owns 4,043 shares of the company’s stock valued at $401,000 after buying an additional 586 shares in the last quarter. NewEdge Advisors LLC grew its stake in iShares MSCI USA Equal Weighted ETF by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock valued at $629,000 after buying an additional 723 shares in the last quarter. Tolleson Wealth Management Inc. raised its holdings in iShares MSCI USA Equal Weighted ETF by 7.4% during the 1st quarter. Tolleson Wealth Management Inc. now owns 7,978 shares of the company’s stock valued at $747,000 after acquiring an additional 548 shares during the period. Finally, Lbmc Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF during the second quarter worth $833,000.

iShares MSCI USA Equal Weighted ETF Company Profile

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.