iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 1-Year High – Here’s Why

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares reached a new 52-week high during trading on Thursday . The company traded as high as $189.05 and last traded at $189.05, with a volume of 4042 shares. The stock had previously closed at $188.44.

iShares Dow Jones U.S. ETF Price Performance

The firm has a market cap of $3.09 billion, a PE ratio of 25.52 and a beta of 1.01. The business has a 50-day moving average price of $182.19 and a two-hundred day moving average price of $173.93.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in shares of iShares Dow Jones U.S. ETF by 40.2% in the first quarter. NewEdge Advisors LLC now owns 5,680 shares of the company’s stock valued at $773,000 after purchasing an additional 1,629 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in iShares Dow Jones U.S. ETF by 87.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,668 shares of the company’s stock valued at $3,357,000 after buying an additional 11,474 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares Dow Jones U.S. ETF by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 6,393 shares of the company’s stock valued at $965,000 after purchasing an additional 745 shares during the period. Baird Financial Group Inc. grew its stake in shares of iShares Dow Jones U.S. ETF by 14.8% during the 2nd quarter. Baird Financial Group Inc. now owns 4,201 shares of the company’s stock valued at $634,000 after buying an additional 543 shares during the period. Finally, Raymond James Financial Inc. increased its stake in iShares Dow Jones U.S. ETF by 15.9% during the second quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock worth $15,223,000 after acquiring an additional 13,845 shares during the last quarter.

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.