iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 52-Week High – What’s Next?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) reached a new 52-week high on Monday . The company traded as high as $169.23 and last traded at $169.2380, with a volume of 24229 shares traded. The stock had previously closed at $168.96.

iShares Dow Jones U.S. ETF Trading Up 0.2%

The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 25.52 and a beta of 1.02. The firm has a 50-day moving average of $165.51 and a 200-day moving average of $160.78.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IYY. Westside Investment Management Inc. raised its position in iShares Dow Jones U.S. ETF by 2.6% during the second quarter. Westside Investment Management Inc. now owns 2,970 shares of the company’s stock worth $448,000 after acquiring an additional 75 shares during the last quarter. Synovus Financial Corp grew its holdings in iShares Dow Jones U.S. ETF by 1.9% during the 3rd quarter. Synovus Financial Corp now owns 4,551 shares of the company’s stock worth $740,000 after acquiring an additional 86 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of iShares Dow Jones U.S. ETF by 0.6% during the second quarter. EP Wealth Advisors LLC now owns 22,998 shares of the company’s stock worth $3,470,000 after purchasing an additional 135 shares during the period. TIAA Trust National Association lifted its position in iShares Dow Jones U.S. ETF by 2.6% in the 2nd quarter. TIAA Trust National Association now owns 7,380 shares of the company’s stock valued at $1,113,000 after purchasing an additional 185 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of iShares Dow Jones U.S. ETF during the 3rd quarter worth about $32,000.

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.