iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Reaches New 12-Month High – Here’s Why

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $116.11 and last traded at $116.11, with a volume of 20658 shares. The stock had previously closed at $114.80.

iShares MSCI USA Equal Weighted ETF Stock Performance

The stock’s fifty day simple moving average is $113.25 and its 200-day simple moving average is $108.68. The stock has a market cap of $1.82 billion, a P/E ratio of 20.72 and a beta of 0.96.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

A number of institutional investors have recently modified their holdings of EUSA. Bogart Wealth LLC bought a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter worth approximately $25,000. NewEdge Advisors LLC increased its position 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 acquiring an additional 723 shares during the period. Crescent Grove Advisors LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 60.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock valued at $935,000 after purchasing an additional 3,408 shares during the period. Finley Financial LLC raised its position in shares of iShares MSCI USA Equal Weighted ETF by 64.3% during the fourth quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock worth $1,019,000 after acquiring an additional 3,860 shares during the last quarter. Finally, Goodman Financial Corp raised its holdings in iShares MSCI USA Equal Weighted ETF by 58.0% during the 1st quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock worth $1,397,000 after purchasing an additional 5,040 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. 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.