iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Reaches New 52-Week Low – Here’s What Happened

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

iShares MSCI USA Equal Weighted ETF Stock Down 5.6 %

The stock has a market capitalization of $1.11 billion, a P/E ratio of 19.24 and a beta of 1.05. The company has a fifty day moving average price of $96.33 and a 200-day moving average price of $97.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EUSA. Arkadios Wealth Advisors lifted its position in iShares MSCI USA Equal Weighted ETF by 8.8% during the fourth quarter. Arkadios Wealth Advisors now owns 356,049 shares of the company’s stock valued at $33,953,000 after purchasing an additional 28,664 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $14,322,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 42.3% in the 4th quarter. Sunbelt Securities Inc. now owns 53,503 shares of the company’s stock valued at $5,099,000 after acquiring an additional 15,913 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 12.0% in the 4th quarter. Farther Finance Advisors LLC now owns 28,494 shares of the company’s stock valued at $2,717,000 after acquiring an additional 3,046 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in iShares MSCI USA Equal Weighted ETF by 14.5% in the fourth quarter. JPMorgan Chase & Co. now owns 27,389 shares of the company’s stock worth $2,612,000 after acquiring an additional 3,470 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.