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

by · The Markets Daily

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $104.93 and last traded at $104.64, with a volume of 39759 shares traded. The stock had previously closed at $103.37.

iShares MSCI USA Equal Weighted ETF Trading Up 1.2%

The business’s 50 day simple moving average is $102.52 and its two-hundred day simple moving average is $101.00. The firm has a market capitalization of $1.41 billion, a PE ratio of 20.72 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 8.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after purchasing an additional 40,568 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 6.1% in the second quarter. Arkadios Wealth Advisors now owns 388,029 shares of the company’s stock worth $38,461,000 after buying an additional 22,449 shares during the last quarter. Davidson Investment Advisors grew its position in iShares MSCI USA Equal Weighted ETF by 12.9% during the third quarter. Davidson Investment Advisors now owns 223,608 shares of the company’s stock valued at $23,025,000 after buying an additional 25,633 shares during the period. Crews Bank & Trust grew its position in iShares MSCI USA Equal Weighted ETF by 5.0% during the second quarter. Crews Bank & Trust now owns 162,220 shares of the company’s stock valued at $16,079,000 after buying an additional 7,702 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 6.1% during the third quarter. Farther Finance Advisors LLC now owns 34,777 shares of the company’s stock valued at $3,581,000 after buying an additional 1,997 shares during the last quarter.

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.

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