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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares saw unusually-strong trading volume on Monday . Approximately 153,128 shares traded hands during mid-day trading, an increase of 248% from the previous session’s volume of 44,026 shares.The stock last traded at $101.14 and had previously closed at $101.33.

iShares MSCI USA Equal Weighted ETF Trading Up 0.2 %

The stock’s 50-day moving average price is $98.04 and its 200-day moving average price is $93.18. The company has a market capitalization of $837.25 million, a P/E ratio of 20.39 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors grew its stake in iShares MSCI USA Equal Weighted ETF by 5.0% in the third quarter. Arkadios Wealth Advisors now owns 327,385 shares of the company’s stock valued at $31,344,000 after purchasing an additional 15,577 shares in the last quarter. Davidson Investment Advisors grew its stake 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 valued at $27,067,000 after buying an additional 11,344 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 worth $2,436,000 after buying an additional 5,031 shares during the last quarter. Sunbelt Securities Inc. raised its position in iShares MSCI USA Equal Weighted ETF by 10.3% during the third quarter. Sunbelt Securities Inc. now owns 37,590 shares of the company’s stock valued at $3,599,000 after acquiring an additional 3,516 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in iShares MSCI USA Equal Weighted ETF in the third quarter valued at approximately $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.