Powell Investment Advisors LLC purchased a new position in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 850 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Townsend & Associates Inc lifted its holdings in shares of iShares Dow Jones U.S. ETF by 23.5% in the 3rd quarter. Townsend & Associates Inc now owns 114,500 shares of the company’s stock worth $19,807,000 after purchasing an additional 21,782 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in shares of iShares Dow Jones U.S. ETF by 95.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 45,504 shares of the company’s stock worth $4,292,000 after acquiring an additional 22,168 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of iShares Dow Jones U.S. ETF by 5.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 45,069 shares of the company’s stock worth $7,511,000 after acquiring an additional 2,514 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in iShares Dow Jones U.S. ETF by 6.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 25,477 shares of the company’s stock valued at $4,246,000 after acquiring an additional 1,486 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its stake in iShares Dow Jones U.S. ETF by 41.3% during the 3rd quarter. Sterling Investment Advisors Ltd. now owns 22,816 shares of the company’s stock valued at $1,860,000 after purchasing an additional 6,664 shares during the last quarter.

NYSEARCA IYY opened at $96.15 on Thursday. The business has a fifty day simple moving average of $115.41 and a 200 day simple moving average of $154.16. iShares Dow Jones U.S. ETF has a 12 month low of $53.60 and a 12 month high of $96.44.

About iShares Dow Jones U.S. ETF

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index.

Featured Story: Gap Down Stocks

Want to see what other hedge funds are holding IYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Dow Jones U.S. ETF (NYSEARCA:IYY).

Institutional Ownership by Quarter for iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

Receive News & Ratings for iShares Dow Jones U.S. ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Dow Jones U.S. ETF and related companies with MarketBeat.com's FREE daily email newsletter.