iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 12-Month High – Time to Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $114.88 and last traded at $114.88, with a volume of 7807 shares traded. The stock had previously closed at $114.19.

iShares MSCI USA Equal Weighted ETF Stock Up 0.9%

The firm has a 50-day moving average price of $110.86 and a 200 day moving average price of $107.22. The firm has a market capitalization of $1.69 billion, a PE ratio of 20.72 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EUSA. Palladiem LLC acquired a new position in iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at about $8,284,000. Calydon Capital lifted its position in shares of 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 purchasing an additional 77,244 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI USA Equal Weighted ETF by 8.1% in the third 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. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at approximately $1,575,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of iShares MSCI USA Equal Weighted ETF by 26.5% in the first quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock valued at $6,376,000 after purchasing an additional 13,142 shares in the last quarter.

iShares MSCI USA Equal Weighted ETF Company Profile

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.