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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $142.38 and last traded at $142.38, with a volume of 31795 shares trading hands. The stock had previously closed at $142.27.

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

The stock has a market cap of $2.11 billion, a P/E ratio of 25.62 and a beta of 1.02. The company’s 50 day moving average price is $136.61 and its two-hundred day moving average price is $131.86.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Thomasville National Bank increased its holdings in iShares Dow Jones U.S. ETF by 0.6% during the third quarter. Thomasville National Bank now owns 12,422 shares of the company’s stock valued at $1,734,000 after buying an additional 71 shares during the period. Mine & Arao Wealth Creation & Management LLC. raised its position in shares of iShares Dow Jones U.S. ETF by 1.1% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 11,274 shares of the company’s stock worth $1,492,000 after acquiring an additional 118 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of iShares Dow Jones U.S. ETF by 6.8% during the 1st quarter. Westside Investment Management Inc. now owns 2,345 shares of the company’s stock worth $300,000 after purchasing an additional 150 shares during the last quarter. Founders Financial Securities LLC boosted its position in iShares Dow Jones U.S. ETF by 4.0% during the first quarter. Founders Financial Securities LLC now owns 6,873 shares of the company’s stock valued at $880,000 after purchasing an additional 267 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in iShares Dow Jones U.S. ETF by 1.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,841 shares of the company’s stock valued at $2,096,000 after purchasing an additional 297 shares in the last quarter.

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.