iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Stock Jumps 0.5% – Should You Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares traded up 0.5% on Friday. The stock traded as high as $187.79 and last traded at $187.49. 14,494 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 26,502 shares. The stock had previously closed at $186.62.

iShares Dow Jones U.S. ETF Stock Up 0.5%

The stock has a fifty day moving average of $185.59 and a two-hundred day moving average of $178.23. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01.

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

Several hedge funds and other institutional investors have recently modified their holdings of IYY. Financial Life Planners acquired a new stake in iShares Dow Jones U.S. ETF during the 1st quarter worth approximately $81,000. Continuum Advisory LLC purchased a new stake in iShares Dow Jones U.S. ETF during the second quarter worth approximately $91,000. IFP Advisors Inc grew its stake in iShares Dow Jones U.S. ETF by 29.3% during the second quarter. IFP Advisors Inc now owns 1,385 shares of the company’s stock worth $252,000 after buying an additional 314 shares during the period. Reflection Asset Management acquired a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth $309,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth $313,000.

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