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

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) hit a new 52-week high on Thursday . The company traded as high as $97.55 and last traded at $97.24, with a volume of 2630 shares traded. The stock had previously closed at $97.29.

iShares MSCI USA Equal Weighted ETF Stock Down 0.0 %

The company has a 50 day moving average price of $93.52 and a 200-day moving average price of $90.34. The company has a market cap of $812.04 million, a price-to-earnings ratio of 20.39 and a beta of 0.97.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Several institutional investors have recently modified their holdings of EUSA. Bangor Savings Bank raised its holdings in iShares MSCI USA Equal Weighted ETF by 94.0% during the 1st quarter. Bangor Savings Bank now owns 11,431 shares of the company’s stock worth $1,040,000 after purchasing an additional 5,540 shares during the last quarter. Arkadios Wealth Advisors increased its stake in iShares MSCI USA Equal Weighted ETF by 2.3% in the first quarter. Arkadios Wealth Advisors now owns 300,878 shares of the company’s stock valued at $27,377,000 after purchasing an additional 6,679 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of iShares MSCI USA Equal Weighted ETF by 26.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,417 shares of the company’s stock worth $1,790,000 after purchasing an additional 4,258 shares in the last quarter. Davidson Investment Advisors boosted its position in shares of iShares MSCI USA Equal Weighted ETF by 3.8% during the 2nd quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock worth $27,067,000 after purchasing an additional 11,344 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in iShares MSCI USA Equal Weighted ETF by 9.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock valued at $3,007,000 after buying an additional 3,078 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.