iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 12-Month High – What’s Next?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $118.16 and last traded at $118.12, with a volume of 7408 shares changing hands. The stock had previously closed at $117.99.

iShares MSCI USA Equal Weighted ETF Trading Up 0.2%

The company’s 50 day simple moving average is $113.94 and its 200 day simple moving average is $109.15. The stock has a market capitalization of $1.88 billion, a PE ratio of 20.72 and a beta of 0.96.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EUSA. NewEdge Advisors LLC lifted its position in iShares MSCI USA Equal Weighted ETF by 12.0% during the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after buying an additional 723 shares during the period. Davidson Investment Advisors grew its holdings in iShares MSCI USA Equal Weighted ETF by 4.9% in the 4th quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock valued at $24,245,000 after buying an additional 10,936 shares during the period. Bogart Wealth LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $1,575,000. Finally, Crescent Grove Advisors LLC lifted its holdings 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 acquiring an additional 3,408 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.