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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $108.73 and last traded at $108.73, with a volume of 5459 shares trading hands. The stock had previously closed at $107.27.

iShares MSCI USA Equal Weighted ETF Stock Up 1.2%

The stock has a fifty day moving average of $105.02 and a 200-day moving average of $104.22. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.72 and a beta of 0.99.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at approximately $25,000. Davidson Trust Co. purchased a new stake in iShares MSCI USA Equal Weighted ETF in the third quarter valued at approximately $258,000. NewEdge Advisors LLC lifted its stake in iShares MSCI USA Equal Weighted ETF by 12.0% in the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock valued at $629,000 after buying an additional 723 shares during the last quarter. Goodman Financial Corp lifted its stake in iShares MSCI USA Equal Weighted ETF by 217.8% in the fourth quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock valued at $898,000 after buying an additional 5,952 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in iShares MSCI USA Equal Weighted ETF by 60.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock valued at $935,000 after buying an additional 3,408 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. 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.