iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 1-Year High – Still a Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $159.87 and last traded at $159.35, with a volume of 19129 shares trading hands. The stock had previously closed at $158.89.

iShares Dow Jones U.S. ETF Stock Performance

The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 25.52 and a beta of 1.02. The company has a 50-day moving average of $155.23 and a 200-day moving average of $144.75.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

Several institutional investors have recently bought and sold shares of IYY. Jane Street Group LLC lifted its stake in iShares Dow Jones U.S. ETF by 47.9% in the 4th quarter. Jane Street Group LLC now owns 17,990 shares of the company’s stock valued at $2,574,000 after acquiring an additional 5,826 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in iShares Dow Jones U.S. ETF by 577.2% in the 4th quarter. Ameriprise Financial Inc. now owns 149,385 shares of the company’s stock valued at $21,375,000 after acquiring an additional 127,327 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Dow Jones U.S. ETF by 9.5% in the 4th quarter. Bank of America Corp DE now owns 141,157 shares of the company’s stock valued at $20,198,000 after acquiring an additional 12,202 shares in the last quarter. Citadel Advisors LLC bought a new stake in iShares Dow Jones U.S. ETF in the 4th quarter valued at approximately $2,945,000. Finally, Focus Partners Wealth lifted its stake in iShares Dow Jones U.S. ETF by 94.7% in the 4th quarter. Focus Partners Wealth now owns 14,772 shares of the company’s stock valued at $2,114,000 after acquiring an additional 7,186 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.