iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 1-Year High – Here’s What Happened

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $173.50 and last traded at $173.50, with a volume of 5015 shares changing hands. The stock had previously closed at $172.49.

iShares Dow Jones U.S. ETF Price Performance

The stock has a market capitalization of $2.84 billion, a P/E ratio of 25.52 and a beta of 1.01. The company’s 50-day simple moving average is $164.49 and its 200-day simple moving average is $165.31.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arkansas Financial Group Inc. raised its stake in iShares Dow Jones U.S. ETF by 31.1% in the third quarter. Arkansas Financial Group Inc. now owns 22,572 shares of the company’s stock valued at $3,684,000 after buying an additional 5,357 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares Dow Jones U.S. ETF by 279.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,253 shares of the company’s stock worth $3,941,000 after acquiring an additional 17,860 shares during the last quarter. Apella Capital LLC acquired a new position in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $14,236,000. Sharp Financial Services LLC bought a new stake in iShares Dow Jones U.S. ETF in the 3rd quarter valued at $26,989,000. Finally, Daytona Street Capital LLC bought a new stake in iShares Dow Jones U.S. ETF in the 4th quarter valued at $703,000.

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.