iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 52-Week High – Here’s What Happened

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $147.92 and last traded at $147.92, with a volume of 1654 shares changing hands. The stock had previously closed at $147.69.

iShares Dow Jones U.S. ETF Price Performance

The firm has a 50 day moving average price of $142.17 and a 200-day moving average price of $136.08. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 25.62 and a beta of 1.02.

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

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in shares of iShares Dow Jones U.S. ETF by 7.2% in the third quarter. Farther Finance Advisors LLC now owns 5,634 shares of the company’s stock worth $786,000 after acquiring an additional 379 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of iShares Dow Jones U.S. ETF by 15.8% during the second quarter. J.W. Cole Advisors Inc. now owns 5,334 shares of the company’s stock worth $706,000 after buying an additional 729 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of iShares Dow Jones U.S. ETF by 1.5% during the third quarter. Stratos Wealth Advisors LLC now owns 20,768 shares of the company’s stock worth $2,899,000 after buying an additional 298 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Dow Jones U.S. ETF by 3.9% during the second quarter. LPL Financial LLC now owns 328,481 shares of the company’s stock worth $43,461,000 after buying an additional 12,304 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in shares of iShares Dow Jones U.S. ETF during the third quarter worth about $291,000.

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.