iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Strong Trading Volume – Time to Buy?

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw unusually-strong trading volume on Monday . Approximately 430,246 shares changed hands during trading, an increase of 118% from the previous session’s volume of 197,678 shares.The stock last traded at $97.14 and had previously closed at $96.24.

iShares MSCI USA Equal Weighted ETF Stock Up 0.2 %

The company has a market capitalization of $801.35 million, a PE ratio of 20.39 and a beta of 0.97. The business has a 50 day simple moving average of $98.42 and a 200 day simple moving average of $94.47.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

A number of institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors grew its stake in shares of 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 valued at $31,344,000 after buying an additional 15,577 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 5,031 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of iShares MSCI USA Equal Weighted ETF by 10.3% in the third quarter. Sunbelt Securities Inc. now owns 37,590 shares of the company’s stock valued at $3,599,000 after purchasing an additional 3,516 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares MSCI USA Equal Weighted ETF by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,919 shares of the company’s stock worth $2,290,000 after buying an additional 3,423 shares during the period. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF during the third quarter worth $218,000.

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.