DAVENPORT & Co LLC Cuts Stake in iShares Dow Jones U.S. ETF $IYY

DAVENPORT & Co LLC reduced its stake in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 4.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,630 shares of the company’s stock after selling 330 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Dow Jones U.S. ETF were worth $1,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IYY. Summit Financial Consulting LLC bought a new stake in shares of iShares Dow Jones U.S. ETF during the second quarter valued at about $2,464,000. Kovitz Investment Group Partners LLC purchased a new stake in iShares Dow Jones U.S. ETF in the first quarter worth approximately $2,014,000. Goldman Sachs Group Inc. boosted its stake in shares of iShares Dow Jones U.S. ETF by 87.0% during the first quarter. Goldman Sachs Group Inc. now owns 24,668 shares of the company’s stock valued at $3,357,000 after purchasing an additional 11,474 shares during the period. Raymond James Financial Inc. boosted its stake in shares of iShares Dow Jones U.S. ETF by 13.5% during the first quarter. Raymond James Financial Inc. now owns 87,051 shares of the company’s stock valued at $11,848,000 after purchasing an additional 10,324 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of iShares Dow Jones U.S. ETF by 13,510.6% during the first quarter. GAMMA Investing LLC now owns 8,983 shares of the company’s stock valued at $1,223,000 after purchasing an additional 8,917 shares during the period.

iShares Dow Jones U.S. ETF Stock Down 2.6%

Shares of iShares Dow Jones U.S. ETF stock opened at $159.30 on Friday. The company has a market cap of $2.61 billion, a PE ratio of 25.52 and a beta of 1.02. The business has a 50 day moving average of $159.03 and a 200 day moving average of $148.13. iShares Dow Jones U.S. ETF has a 52 week low of $116.99 and a 52 week high of $164.27.

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.