iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 12-Month High – What’s Next?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) reached a new 52-week high on Tuesday . The stock traded as high as $182.23 and last traded at $182.10, with a volume of 973 shares trading hands. The stock had previously closed at $180.39.

iShares Dow Jones U.S. ETF Stock Performance

The firm’s 50-day moving average is $170.09 and its 200 day moving average is $167.57. The stock has a market cap of $2.98 billion, a PE ratio of 25.52 and a beta of 1.01.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

Several institutional investors and hedge funds have recently modified their holdings of IYY. Bank of America Corp DE boosted its holdings in shares of iShares Dow Jones U.S. ETF by 27.5% during the first quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock worth $39,460,000 after purchasing an additional 53,715 shares during the last quarter. Sharp Wealth Advisory LLC boosted its position in iShares Dow Jones U.S. ETF by 5.3% during the 4th quarter. Sharp Wealth Advisory LLC now owns 174,850 shares of the company’s stock worth $28,992,000 after purchasing an additional 8,741 shares during the period. Kestra Advisory Services LLC raised its position in iShares Dow Jones U.S. ETF by 202.5% in the first quarter. Kestra Advisory Services LLC now owns 105,487 shares of the company’s stock valued at $16,714,000 after purchasing an additional 70,621 shares during the period. Raymond James Financial Inc. lifted its stake in shares of iShares Dow Jones U.S. ETF by 15.9% during the second quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock worth $15,223,000 after purchasing an additional 13,845 shares in the last quarter. Finally, Apella Capital LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $14,236,000.

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.