iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Shares Down 0.1% – Here’s Why

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) were down 0.1% during trading on Tuesday . The company traded as low as $99.66 and last traded at $100.20. Approximately 41,338 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 83,658 shares. The stock had previously closed at $100.27.

iShares MSCI USA Equal Weighted ETF Stock Performance

The firm has a market capitalization of $1.35 billion, a P/E ratio of 20.72 and a beta of 1.03. The firm has a 50 day simple moving average of $102.57 and a two-hundred day simple moving average of $100.23.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 2.7% during the 1st quarter. Arkadios Wealth Advisors now owns 365,580 shares of the company’s stock worth $34,215,000 after buying an additional 9,531 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF during the first quarter valued at approximately $45,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF during the first quarter valued at approximately $882,000. NewEdge Advisors LLC lifted its holdings in iShares MSCI USA Equal Weighted ETF by 12.0% during the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after acquiring an additional 723 shares during the period. Finally, Tolleson Wealth Management Inc. boosted its position in iShares MSCI USA Equal Weighted ETF by 7.4% in the first quarter. Tolleson Wealth Management Inc. now owns 7,978 shares of the company’s stock worth $747,000 after purchasing an additional 548 shares during the last quarter.

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.