iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Hits New 1-Year High – Still a Buy?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $111.97 and last traded at $111.97, with a volume of 7627 shares trading hands. The stock had previously closed at $111.50.

iShares MSCI USA Equal Weighted ETF Price Performance

The company has a market cap of $1.65 billion, a price-to-earnings ratio of 20.72 and a beta of 0.97. The firm’s 50 day simple moving average is $106.37 and its 200-day simple moving average is $105.47.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Several large investors have recently bought and sold shares of EUSA. Bogart Wealth LLC acquired a new position in iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at $25,000. NewEdge Advisors LLC increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock valued at $629,000 after acquiring an additional 723 shares during the period. Goodman Financial Corp increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 217.8% in the 4th quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock valued at $898,000 after acquiring an additional 5,952 shares during the period. Crescent Grove Advisors LLC increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 60.5% in the 4th quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock valued at $935,000 after acquiring an additional 3,408 shares during the period. Finally, Finley Financial LLC increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 64.3% in the 4th quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock valued at $1,019,000 after acquiring an additional 3,860 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. The Fund invests at least 90% of its assets in the securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.