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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $189.05 and last traded at $189.05, with a volume of 4042 shares traded. The stock had previously closed at $188.44.

iShares Dow Jones U.S. ETF Stock Up 0.8%

The stock has a market cap of $3.09 billion, a P/E ratio of 25.52 and a beta of 1.01. The firm’s 50 day simple moving average is $182.19 and its two-hundred day simple moving average is $173.93.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aptus Capital Advisors LLC bought a new position in iShares Dow Jones U.S. ETF in the fourth quarter worth about $27,000. Franklin Resources Inc. bought a new position in shares of iShares Dow Jones U.S. ETF during the third quarter valued at approximately $32,000. Arax Advisory Partners bought a new position in shares of iShares Dow Jones U.S. ETF during the fourth quarter valued at approximately $47,000. AlphaCore Capital LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $50,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $52,000.

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.