iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 1-Year High – Here’s What Happened

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) hit a new 52-week high on Wednesday . The stock traded as high as $106.52 and last traded at $106.45, with a volume of 233079 shares trading hands. The stock had previously closed at $105.17.

iShares MSCI USA Equal Weighted ETF Price Performance

The company has a 50 day moving average price of $103.05 and a 200 day moving average price of $102.09. The firm 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

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 8.1% in the third quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after acquiring an additional 40,568 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in iShares MSCI USA Equal Weighted ETF by 2.4% during the third quarter. Transcend Capital Advisors LLC now owns 14,512 shares of the company’s stock worth $1,494,000 after purchasing an additional 347 shares in the last quarter. Davidson Investment Advisors lifted its position in iShares MSCI USA Equal Weighted ETF by 12.9% in the third 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 period. Davidson Trust Co. purchased a new stake in iShares MSCI USA Equal Weighted ETF in the 3rd quarter valued at approximately $258,000. Finally, Farther Finance Advisors LLC boosted its holdings in iShares MSCI USA Equal Weighted ETF by 6.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 34,777 shares of the company’s stock valued at $3,581,000 after purchasing an additional 1,997 shares in 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. 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.