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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw strong trading volume on Monday . 93,157 shares changed hands during mid-day trading, an increase of 166% from the previous session’s volume of 34,966 shares.The stock last traded at $146.47 and had previously closed at $147.44.

iShares Dow Jones U.S. ETF Stock Down 0.3 %

The stock’s fifty day simple moving average is $146.18 and its 200-day simple moving average is $140.65. The company has a market capitalization of $2.19 billion, a PE ratio of 25.62 and a beta of 1.02.

Institutional Trading of iShares Dow Jones U.S. ETF

A number of hedge funds have recently added to or reduced their stakes in IYY. Private Advisor Group LLC raised its stake in iShares Dow Jones U.S. ETF by 5.7% during the fourth quarter. Private Advisor Group LLC now owns 25,349 shares of the company’s stock worth $3,627,000 after purchasing an additional 1,373 shares during the period. Fagan Associates Inc. purchased a new position in shares of iShares Dow Jones U.S. ETF in the 4th quarter worth $200,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in iShares Dow Jones U.S. ETF in the fourth quarter valued at $957,000. Sanctuary Advisors LLC grew its position in iShares Dow Jones U.S. ETF by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 2,885 shares of the company’s stock valued at $427,000 after acquiring an additional 90 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in 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 acquiring an additional 98 shares during 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.