iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 12-Month High – Still a Buy?

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

iShares MSCI USA Equal Weighted ETF Stock Performance

The company has a market cap of $1.84 billion, a PE ratio of 20.72 and a beta of 0.96. The stock’s 50-day simple moving average is $112.99 and its 200 day simple moving average is $108.55.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at about $25,000. NewEdge Advisors LLC raised its stake in shares of iShares MSCI USA Equal Weighted ETF by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after buying an additional 723 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in shares of iShares MSCI USA Equal Weighted ETF by 60.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock worth $935,000 after buying an additional 3,408 shares in the last quarter. Finley Financial LLC lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 64.3% in the 4th quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock valued at $1,019,000 after buying an additional 3,860 shares during the period. Finally, Goodman Financial Corp lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 58.0% in the 1st quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock valued at $1,397,000 after buying an additional 5,040 shares during the period.

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.