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

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

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

The business has a 50-day moving average price of $169.27 and a 200-day moving average price of $167.31. The firm has a market capitalization of $2.98 billion, a PE ratio of 25.52 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in iShares Dow Jones U.S. ETF by 27.5% in the first quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock worth $39,460,000 after acquiring an additional 53,715 shares during the period. Sharp Wealth Advisory LLC grew its position in iShares Dow Jones U.S. ETF by 5.3% in the fourth quarter. Sharp Wealth Advisory LLC now owns 174,850 shares of the company’s stock worth $28,992,000 after acquiring an additional 8,741 shares during the period. Kestra Advisory Services LLC grew 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 worth $16,714,000 after acquiring an additional 70,621 shares during the period. Raymond James Financial Inc. grew its position in iShares Dow Jones U.S. ETF by 15.9% in the second quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock worth $15,223,000 after acquiring an additional 13,845 shares during the period. Finally, Apella Capital LLC purchased a new position in iShares Dow Jones U.S. ETF in the fourth quarter worth approximately $14,236,000.

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.