iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Strong Trading Volume – Here’s What Happened

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares saw an uptick in trading volume on Friday . 48,279 shares traded hands during mid-day trading, an increase of 65% from the previous session’s volume of 29,264 shares.The stock last traded at $158.77 and had previously closed at $160.15.

iShares Dow Jones U.S. ETF Price Performance

The firm’s fifty day simple moving average is $166.58 and its 200 day simple moving average is $164.73. The company has a market capitalization of $2.61 billion, a PE ratio of 25.52 and a beta of 1.02.

Institutional Trading of iShares Dow Jones U.S. ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IYY. Rockefeller Capital Management L.P. raised its position in iShares Dow Jones U.S. ETF by 303.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,737 shares of the company’s stock valued at $1,615,000 after acquiring an additional 7,325 shares in the last quarter. Corient Private Wealth LLC boosted its position in iShares Dow Jones U.S. ETF by 35.3% in the 4th quarter. Corient Private Wealth LLC now owns 4,224 shares of the company’s stock worth $700,000 after purchasing an additional 1,101 shares in the last quarter. Reflection Asset Management purchased a new stake in iShares Dow Jones U.S. ETF in the 4th quarter worth approximately $309,000. Mercer Global Advisors Inc. ADV grew its stake in shares of iShares Dow Jones U.S. ETF by 0.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,639 shares of the company’s stock worth $1,930,000 after purchasing an additional 91 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $3,765,000.

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.