iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 1-Year High – Still a Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.27 and last traded at $97.82, with a volume of 9931 shares. The stock had previously closed at $96.13.

iShares MSCI USA Equal Weighted ETF Stock Performance

The company’s fifty day simple moving average is $94.83 and its 200-day simple moving average is $91.14. The company has a market capitalization of $822.98 million, a P/E ratio of 20.39 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its position in iShares MSCI USA Equal Weighted ETF by 3.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 311,808 shares of the company’s stock worth $27,517,000 after purchasing an additional 10,930 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 valued at $1,790,000 after acquiring an additional 4,258 shares during the last quarter. Davidson Investment Advisors grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 3.8% in the 2nd quarter. Davidson Investment Advisors now owns 306,707 shares of the company’s stock valued at $27,067,000 after buying an additional 11,344 shares during the period. Sunbelt Securities Inc. increased its stake in iShares MSCI USA Equal Weighted ETF by 9.9% during the second quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in iShares MSCI USA Equal Weighted ETF in the 3rd quarter valued at about $45,000.

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.