iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sets New 1-Year Low – Time to Sell?

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) shares hit a new 52-week low during trading on Saturday . The company traded as low as $85.00 and last traded at $85.20, with a volume of 607007 shares. The stock had previously closed at $90.26.

iShares MSCI USA Equal Weighted ETF Stock Down 5.6 %

The business has a 50 day moving average price of $96.33 and a 200 day moving average price of $97.08. The stock has a market cap of $1.11 billion, a PE ratio of 19.24 and a beta of 1.05.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in shares of iShares MSCI USA Equal Weighted ETF by 135.4% during the 4th quarter. Jones Financial Companies Lllp now owns 845 shares of the company’s stock valued at $81,000 after purchasing an additional 486 shares in the last quarter. Crescent Grove Advisors LLC purchased a new position in iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at $254,000. Captrust Financial Advisors increased its holdings in iShares MSCI USA Equal Weighted ETF by 22.9% in the third quarter. Captrust Financial Advisors now owns 2,943 shares of the company’s stock valued at $282,000 after buying an additional 549 shares in the last quarter. Syon Capital LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF in the fourth quarter worth about $377,000. Finally, Transcend Capital Advisors LLC boosted its stake in shares of iShares MSCI USA Equal Weighted ETF by 35.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,366 shares of the company’s stock worth $416,000 after acquiring an additional 1,135 shares in 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.