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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $182.23 and last traded at $182.10, with a volume of 973 shares traded. The stock had previously closed at $180.39.

iShares Dow Jones U.S. ETF Stock Up 0.5%

The firm has a 50-day moving average of $169.27 and a two-hundred day moving average of $167.31. The company has a market capitalization of $2.98 billion, a PE ratio of 25.52 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of iShares Dow Jones U.S. ETF by 27.5% in the first quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after acquiring an additional 53,715 shares in the last quarter. Sharp Wealth Advisory LLC raised its stake in shares of iShares Dow Jones U.S. ETF by 5.3% in the fourth quarter. Sharp Wealth Advisory LLC now owns 174,850 shares of the company’s stock valued at $28,992,000 after acquiring an additional 8,741 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of iShares Dow Jones U.S. ETF by 202.5% in the first quarter. Kestra Advisory Services LLC now owns 105,487 shares of the company’s stock valued at $16,714,000 after acquiring an additional 70,621 shares in the last quarter. Raymond James Financial Inc. raised its stake in iShares Dow Jones U.S. ETF by 15.9% in the second quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock valued at $15,223,000 after buying an additional 13,845 shares in the last quarter. Finally, Apella Capital LLC acquired a new stake in iShares Dow Jones U.S. ETF in the fourth quarter valued at $14,236,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.