iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-strong trading volume on Tuesday . Approximately 43,583 shares were traded during trading, an increase of 60% from the previous session’s volume of 27,303 shares.The stock last traded at $179.74 and had previously closed at $180.11.

iShares Dow Jones U.S. ETF Stock Performance

The stock has a market cap of $2.92 billion, a PE ratio of 25.52 and a beta of 1.01. The business has a 50 day moving average price of $181.48 and a two-hundred day moving average price of $172.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Apella Capital LLC bought a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at about $14,236,000. Daytona Street Capital LLC bought a new stake in iShares Dow Jones U.S. ETF in the fourth quarter worth about $703,000. JPMorgan Chase & Co. raised its position in iShares Dow Jones U.S. ETF by 279.4% in the third 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 period. Ritholtz Wealth Management boosted its stake in iShares Dow Jones U.S. ETF by 38.5% in the first quarter. Ritholtz Wealth Management now owns 19,542 shares of the company’s stock valued at $3,096,000 after acquiring an additional 5,435 shares during the last quarter. Finally, Sage Investment Advisers LLC purchased a new position in iShares Dow Jones U.S. ETF in the fourth quarter valued at about $2,002,000.

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.