iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw unusually-high trading volume on Thursday . Approximately 87,371 shares were traded during trading, an increase of 104% from the previous session’s volume of 42,773 shares.The stock last traded at $91.98 and had previously closed at $92.02.

iShares MSCI USA Equal Weighted ETF Stock Up 1.1 %

The firm has a market cap of $780.73 million, a PE ratio of 20.39 and a beta of 0.97. The business has a 50 day simple moving average of $91.00 and a two-hundred day simple moving average of $89.30.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors raised its position in shares of iShares MSCI USA Equal Weighted ETF by 3.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 311,808 shares of the company’s stock valued at $27,517,000 after purchasing an additional 10,930 shares during the last quarter. Davidson Investment Advisors grew its position in shares of iShares MSCI USA Equal Weighted ETF by 3.8% in the second quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock valued at $27,067,000 after purchasing an additional 11,344 shares during the period. Walled Lake Planning & Wealth Management LLC lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 4.6% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 113,772 shares of the company’s stock valued at $9,607,000 after acquiring an additional 5,011 shares in the last quarter. Sunbelt Securities Inc. boosted its position in iShares MSCI USA Equal Weighted ETF by 9.9% during the second quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in iShares MSCI USA Equal Weighted ETF by 26.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock valued at $1,790,000 after buying an additional 4,258 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.