iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Tuesday . 37,445 shares changed hands during trading, a decline of 21% from the previous session’s volume of 47,288 shares.The stock last traded at $96.30 and had previously closed at $96.18.

iShares MSCI USA Equal Weighted ETF Stock Up 0.8 %

The company has a market capitalization of $809.37 million, a PE ratio of 20.39 and a beta of 0.97. The firm’s 50-day moving average is $98.53 and its 200-day moving average is $93.91.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EUSA. Farther Finance Advisors LLC lifted its position in iShares MSCI USA Equal Weighted ETF by 26.4% in 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 last quarter. Davidson Investment Advisors lifted its holdings 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 worth $27,067,000 after acquiring an additional 11,344 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of iShares MSCI USA Equal Weighted ETF by 9.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 34,074 shares of the company’s stock valued at $3,007,000 after purchasing an additional 3,078 shares in the last quarter. Riverview Trust Co bought a new position in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter valued at $45,000. Finally, Arkadios Wealth Advisors raised its position in iShares MSCI USA Equal Weighted ETF by 5.0% in 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.