iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 1-Year High – Should You Buy?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $149.45 and last traded at $149.31, with a volume of 4033 shares trading hands. The stock had previously closed at $149.06.

iShares Dow Jones U.S. ETF Stock Performance

The firm has a fifty day moving average of $146.19 and a 200 day moving average of $141.56. The firm has a market capitalization of $2.22 billion, a PE ratio of 25.62 and a beta of 1.02.

Institutional Trading of iShares Dow Jones U.S. ETF

Hedge funds have recently made changes to their positions in the company. Silver Oak Advisory Group Inc. boosted its holdings in iShares Dow Jones U.S. ETF by 2.9% in the third quarter. Silver Oak Advisory Group Inc. now owns 2,752 shares of the company’s stock valued at $384,000 after purchasing an additional 78 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of iShares Dow Jones U.S. ETF by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 2,885 shares of the company’s stock valued at $427,000 after buying an additional 90 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of iShares Dow Jones U.S. ETF by 1.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,366 shares of the company’s stock worth $768,000 after buying an additional 98 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of iShares Dow Jones U.S. ETF by 0.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,203 shares of the company’s stock worth $1,603,000 after buying an additional 104 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in iShares Dow Jones U.S. ETF by 1.6% in the third quarter. National Bank of Canada FI now owns 7,082 shares of the company’s stock valued at $989,000 after acquiring an additional 112 shares in the last quarter.

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.