Ellis Investment Partners LLC Buys 965 Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

Ellis Investment Partners LLC lifted its stake in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,821 shares of the company’s stock after buying an additional 965 shares during the period. Ellis Investment Partners LLC’s holdings in iShares Dow Jones U.S. ETF were worth $1,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners bought a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at $48,000. Allworth Financial LP purchased a new position in shares of iShares Dow Jones U.S. ETF during the 3rd quarter worth about $60,000. Archer Investment Corp bought a new position in iShares Dow Jones U.S. ETF during the 4th quarter valued at about $88,000. CPR Investments Inc. purchased a new stake in iShares Dow Jones U.S. ETF in the 4th quarter worth about $211,000. Finally, Tyche Wealth Partners LLC bought a new stake in iShares Dow Jones U.S. ETF in the third quarter worth about $216,000.

iShares Dow Jones U.S. ETF Stock Performance

IYY opened at $149.12 on Friday. The stock’s 50 day moving average price is $146.19 and its 200-day moving average price is $141.56. iShares Dow Jones U.S. ETF has a one year low of $120.56 and a one year high of $149.45. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 25.62 and a beta of 1.02.

iShares Dow Jones U.S. ETF 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.