iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Large Volume Increase – Here’s What Happened

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw unusually-strong trading volume on Tuesday . Approximately 133,173 shares traded hands during mid-day trading, an increase of 189% from the previous session’s volume of 46,039 shares.The stock last traded at $98.37 and had previously closed at $98.93.

iShares MSCI USA Equal Weighted ETF Trading Down 0.6 %

The stock has a market capitalization of $821.14 million, a PE ratio of 20.39 and a beta of 0.97. The company’s 50-day moving average is $98.51 and its 200 day moving average is $93.58.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EUSA. Sunbelt Securities Inc. increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 10.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 37,590 shares of the company’s stock worth $3,599,000 after purchasing an additional 3,516 shares in the last quarter. Captrust Financial Advisors grew its position in shares of 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 valued at $282,000 after buying an additional 549 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in iShares MSCI USA Equal Weighted ETF in the third quarter worth about $218,000. Farther Finance Advisors LLC boosted its stake in iShares MSCI USA Equal Weighted ETF by 24.6% in the third quarter. Farther Finance Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,436,000 after acquiring an additional 5,031 shares during the period. Finally, Arkadios Wealth Advisors raised its position in shares of iShares MSCI USA Equal Weighted ETF by 5.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock worth $31,344,000 after purchasing an additional 15,577 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.