iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Strong Trading Volume – Here’s What Happened

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw strong trading volume on Monday . 93,157 shares were traded during 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 Price Performance

The stock has a market cap of $2.20 billion, a PE ratio of 25.62 and a beta of 1.02. The business has a 50 day moving average price of $146.17 and a two-hundred day moving average price of $140.83.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Sharp Financial Services LLC boosted its position in iShares Dow Jones U.S. ETF by 3.7% in the fourth quarter. Sharp Financial Services LLC now owns 137,610 shares of the company’s stock worth $19,691,000 after purchasing an additional 4,862 shares during the last quarter. Siligmueller & Norvid Wealth Advisors LLC purchased a new position in iShares Dow Jones U.S. ETF in the fourth quarter worth about $12,971,000. Cetera Investment Advisers raised its stake in shares of iShares Dow Jones U.S. ETF by 17.7% in the second quarter. Cetera Investment Advisers now owns 52,600 shares of the company’s stock worth $6,960,000 after buying an additional 7,919 shares during the period. HighTower Advisors LLC raised its stake in shares of iShares Dow Jones U.S. ETF by 2.4% in the third quarter. HighTower Advisors LLC now owns 38,827 shares of the company’s stock worth $5,421,000 after buying an additional 920 shares during the period. Finally, Ibex Wealth Advisors bought a new position in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $4,606,000.

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.