iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Reaches New 1-Year High – Time to Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares hit a new 52-week high on Friday . The company traded as high as $100.87 and last traded at $100.85, with a volume of 4293 shares trading hands. The stock had previously closed at $100.25.

iShares MSCI USA Equal Weighted ETF Stock Performance

The company has a market cap of $844.69 million, a price-to-earnings ratio of 20.39 and a beta of 0.97. The stock’s fifty day simple moving average is $96.42 and its two-hundred day simple moving average is $92.10.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds have recently made changes to their positions in the business. Riverview Trust Co purchased a new stake in iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth $45,000. Prime Capital Investment Advisors LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF during the 3rd quarter worth $218,000. Captrust Financial Advisors increased its stake in iShares MSCI USA Equal Weighted ETF by 22.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock worth $282,000 after buying an additional 549 shares during the period. Farther Finance Advisors LLC increased its stake in 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 worth $1,790,000 after buying an additional 4,258 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in iShares MSCI USA Equal Weighted ETF by 9.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock worth $3,007,000 after buying an additional 3,078 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.