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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $115.61 and last traded at $115.44, with a volume of 48129 shares traded. The stock had previously closed at $115.14.

iShares MSCI USA Equal Weighted ETF Stock Up 0.3%

The company has a 50 day simple moving average of $111.38 and a two-hundred day simple moving average of $107.51. The company has a market capitalization of $1.76 billion, a P/E ratio of 20.72 and a beta of 0.96.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 40,568 shares during the period. Calydon Capital boosted its stake in iShares MSCI USA Equal Weighted ETF by 37.5% during the fourth quarter. Calydon Capital now owns 283,196 shares of the company’s stock worth $29,274,000 after buying an additional 77,244 shares during the period. Arkadios Wealth Advisors boosted its stake in iShares MSCI USA Equal Weighted ETF by 5.2% during the first quarter. Arkadios Wealth Advisors now owns 251,323 shares of the company’s stock worth $25,577,000 after buying an additional 12,457 shares during the period. Davidson Investment Advisors boosted its stake in iShares MSCI USA Equal Weighted ETF by 4.9% during the fourth quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock worth $24,245,000 after buying an additional 10,936 shares during the period. Finally, Crews Bank & Trust increased its position in iShares MSCI USA Equal Weighted ETF by 0.4% during the fourth quarter. Crews Bank & Trust now owns 151,634 shares of the company’s stock valued at $15,674,000 after acquiring an additional 604 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.