iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Shares Down 0.1% – Here’s Why

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price dropped 0.1% on Tuesday . The company traded as low as $99.66 and last traded at $100.20. Approximately 41,338 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 83,658 shares. The stock had previously closed at $100.27.

iShares MSCI USA Equal Weighted ETF Stock Down 0.1%

The company’s 50-day moving average is $102.57 and its two-hundred day moving average is $100.23. The company has a market cap of $1.35 billion, a P/E ratio of 20.72 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several large investors have recently modified their holdings of EUSA. Atlas Capital Advisors Inc. purchased a new position in iShares MSCI USA Equal Weighted ETF in the first quarter valued at approximately $45,000. Davidson Trust Co. bought a new stake in shares of iShares MSCI USA Equal Weighted ETF in the third quarter valued at $258,000. Crescent Grove Advisors LLC raised its stake in shares of iShares MSCI USA Equal Weighted ETF by 17.0% in the second quarter. Crescent Grove Advisors LLC now owns 4,043 shares of the company’s stock valued at $401,000 after buying an additional 586 shares during the period. NewEdge Advisors LLC lifted its position 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 valued at $629,000 after buying an additional 723 shares during the last quarter. Finally, Tolleson Wealth Management Inc. grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 7.4% during the 1st quarter. Tolleson Wealth Management Inc. now owns 7,978 shares of the company’s stock worth $747,000 after acquiring an additional 548 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.