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

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYYGet Free Report) saw an uptick in trading volume on Monday . Approximately 30,566 shares traded hands during trading, an increase of 8% from the previous session’s volume of 28,262 shares.The stock last traded at $182.38 and had previously closed at $181.79.

iShares Dow Jones U.S. ETF Stock Up 0.6%

The company has a market capitalization of $2.99 billion, a PE ratio of 25.52 and a beta of 1.01. The company’s 50 day moving average is $179.85 and its two-hundred day moving average is $170.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC purchased a new position in shares of iShares Dow Jones U.S. ETF during the fourth quarter valued at about $27,000. Franklin Resources Inc. purchased a new stake in shares of iShares Dow Jones U.S. ETF in the third quarter worth about $32,000. Arax Advisory Partners purchased a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $47,000. AlphaCore Capital LLC bought a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at approximately $50,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at approximately $52,000.

About iShares Dow Jones U.S. ETF

(Get Free Report)

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.

Further Reading

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