iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Shares Down 0.5% – Here’s Why

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) were down 0.5% during trading on Monday . The company traded as low as $181.18 and last traded at $181.31. 23,338 shares traded hands during trading, a decline of 20% from the average session volume of 29,062 shares. The stock had previously closed at $182.22.

iShares Dow Jones U.S. ETF Stock Down 0.1%

The business has a 50 day moving average price of $178.31 and a two-hundred day moving average price of $169.96. The stock has a market cap of $2.92 billion, a P/E ratio of 25.52 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in iShares Dow Jones U.S. ETF by 40.2% in the first quarter. NewEdge Advisors LLC now owns 5,680 shares of the company’s stock worth $773,000 after acquiring an additional 1,629 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of iShares Dow Jones U.S. ETF by 87.0% in the first quarter. Goldman Sachs Group Inc. now owns 24,668 shares of the company’s stock worth $3,357,000 after buying an additional 11,474 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares Dow Jones U.S. ETF by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 6,393 shares of the company’s stock worth $965,000 after purchasing an additional 745 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in iShares Dow Jones U.S. ETF by 14.8% during the 2nd quarter. Baird Financial Group Inc. now owns 4,201 shares of the company’s stock valued at $634,000 after buying an additional 543 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of iShares Dow Jones U.S. ETF by 15.9% during the second quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock valued at $15,223,000 after acquiring an additional 13,845 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.