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

Shares of iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw an uptick in trading volume on Friday . 147,958 shares traded hands during trading, an increase of 167% from the previous session’s volume of 55,405 shares.The stock last traded at $87.08 and had previously closed at $90.26.

iShares MSCI USA Equal Weighted ETF Stock Performance

The firm has a market cap of $1.11 billion, a P/E ratio of 19.24 and a beta of 1.05. The business’s 50-day simple moving average is $96.33 and its 200 day simple moving average is $97.06.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

A number of large investors have recently made changes to their positions in EUSA. Arkadios Wealth Advisors grew its position in shares of iShares MSCI USA Equal Weighted ETF by 8.8% during the 4th quarter. Arkadios Wealth Advisors now owns 356,049 shares of the company’s stock valued at $33,953,000 after acquiring an additional 28,664 shares during the period. Crews Bank & Trust purchased a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $14,322,000. Sunbelt Securities Inc. grew its stake in shares of iShares MSCI USA Equal Weighted ETF by 42.3% during the 4th quarter. Sunbelt Securities Inc. now owns 53,503 shares of the company’s stock valued at $5,099,000 after acquiring an additional 15,913 shares during the period. Farther Finance Advisors LLC increased its holdings in iShares MSCI USA Equal Weighted ETF by 12.0% in the 4th quarter. Farther Finance Advisors LLC now owns 28,494 shares of the company’s stock worth $2,717,000 after acquiring an additional 3,046 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in iShares MSCI USA Equal Weighted ETF by 14.5% during the 4th quarter. JPMorgan Chase & Co. now owns 27,389 shares of the company’s stock worth $2,612,000 after acquiring an additional 3,470 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.