iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 52-Week High – Should You Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $185.38 and last traded at $185.38, with a volume of 1587 shares. The stock had previously closed at $181.80.

iShares Dow Jones U.S. ETF Trading Up 1.0%

The company has a market capitalization of $3.03 billion, a P/E ratio of 25.52 and a beta of 1.01. The stock has a 50 day moving average of $181.57 and a 200-day moving average of $172.93.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in iShares Dow Jones U.S. ETF by 27.5% during the 1st quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock worth $39,460,000 after purchasing an additional 53,715 shares during the last quarter. Kestra Advisory Services LLC raised its position in iShares Dow Jones U.S. ETF by 202.5% during the first quarter. Kestra Advisory Services LLC now owns 105,487 shares of the company’s stock worth $16,714,000 after acquiring an additional 70,621 shares during the period. Raymond James Financial Inc. lifted its stake in iShares Dow Jones U.S. ETF by 15.9% in the 2nd 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. Apella Capital LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth approximately $14,236,000. Finally, Rothschild Wealth LLC purchased a new position in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $12,954,000.

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.