iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 12-Month High – Time to Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $169.53 and last traded at $169.4160, with a volume of 20583 shares changing hands. The stock had previously closed at $168.69.

iShares Dow Jones U.S. ETF Price Performance

The business has a fifty day moving average of $166.24 and a 200 day moving average of $161.92. The stock has a market cap of $2.79 billion, a PE ratio of 25.52 and a beta of 1.02.

Institutional Trading of iShares Dow Jones U.S. ETF

Institutional investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. increased its stake in shares of iShares Dow Jones U.S. ETF by 2.6% during the second quarter. Westside Investment Management Inc. now owns 2,970 shares of the company’s stock valued at $448,000 after acquiring an additional 75 shares during the period. Synovus Financial Corp boosted its stake in iShares Dow Jones U.S. ETF by 1.9% during the third quarter. Synovus Financial Corp now owns 4,551 shares of the company’s stock valued at $740,000 after buying an additional 86 shares in the last quarter. Capital Investment Advisors LLC raised its position in iShares Dow Jones U.S. ETF by 3.0% in the fourth quarter. Capital Investment Advisors LLC now owns 3,377 shares of the company’s stock worth $560,000 after acquiring an additional 99 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of iShares Dow Jones U.S. ETF by 0.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 22,998 shares of the company’s stock valued at $3,470,000 after purchasing an additional 135 shares in the last quarter. Finally, TIAA Trust National Association raised its holdings in shares of iShares Dow Jones U.S. ETF by 2.6% in the 2nd quarter. TIAA Trust National Association now owns 7,380 shares of the company’s stock worth $1,113,000 after purchasing an additional 185 shares in the last quarter.

iShares Dow Jones U.S. ETF Company Profile

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.