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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $190.02 and last traded at $190.0150, with a volume of 6697 shares changing hands. The stock had previously closed at $188.48.

iShares Dow Jones U.S. ETF Price Performance

The firm’s 50-day moving average is $186.67 and its 200 day moving average is $179.73. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01.

Institutional Trading of iShares Dow Jones U.S. ETF

Several institutional investors have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp raised its position in iShares Dow Jones U.S. ETF by 3.2% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 9,794 shares of the company’s stock valued at $1,691,000 after buying an additional 303 shares during the period. IFP Advisors Inc boosted its position in iShares Dow Jones U.S. ETF by 29.3% during the 2nd quarter. IFP Advisors Inc now owns 1,385 shares of the company’s stock worth $252,000 after acquiring an additional 314 shares during the period. Bangor Savings Bank purchased a new position in iShares Dow Jones U.S. ETF during the 3rd quarter valued at about $88,000. Continuum Advisory LLC acquired a new position in shares of iShares Dow Jones U.S. ETF in the 2nd quarter valued at about $91,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of iShares Dow Jones U.S. ETF by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,050 shares of the company’s stock valued at $8,029,000 after purchasing an additional 506 shares during the period.

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.