iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Strong Trading Volume – Still a Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw strong trading volume on Tuesday. 54,971 shares traded hands during trading, an increase of 104% from the previous session’s volume of 26,887 shares. The stock last traded at $188.8890 and had previously closed at $189.10.

iShares Dow Jones U.S. ETF Price Performance

The firm’s 50 day moving average is $187.07 and its 200 day moving average is $180.77. The firm has a market cap of $3.02 billion, a P/E ratio of 25.52 and a beta of 1.01.

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

Several large investors have recently made changes to their positions in the business. Ritholtz Wealth Management lifted its position in iShares Dow Jones U.S. ETF by 38.5% in the 1st 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 in the last quarter. Bank of America Corp DE boosted its stake in iShares Dow Jones U.S. ETF by 27.5% during the 1st quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after purchasing an additional 53,715 shares during the last quarter. First Heartland Consultants Inc. purchased a new stake in iShares Dow Jones U.S. ETF during the 3rd quarter valued at $4,315,000. Sigma Planning Corp increased its holdings in shares of iShares Dow Jones U.S. ETF by 50.2% in the 1st quarter. Sigma Planning Corp now owns 16,321 shares of the company’s stock worth $2,586,000 after purchasing an additional 5,453 shares in the last quarter. Finally, Evanson Financial LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the 2nd quarter worth $627,000.

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.