Wedbush Securities Inc. Trims Position in iShares Dow Jones U.S. ETF $IYY

Wedbush Securities Inc. decreased its position in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 93.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,420 shares of the company’s stock after selling 36,256 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Dow Jones U.S. ETF were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IYY. SouthState Corp purchased a new position in iShares Dow Jones U.S. ETF during the 1st quarter valued at about $30,000. Simplex Trading LLC purchased a new position in shares of iShares Dow Jones U.S. ETF in the second quarter valued at approximately $64,000. Allworth Financial LP grew its holdings in shares of iShares Dow Jones U.S. ETF by 24.8% in the first quarter. Allworth Financial LP now owns 538 shares of the company’s stock valued at $72,000 after purchasing an additional 107 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of iShares Dow Jones U.S. ETF by 61.3% in the first quarter. Blair William & Co. IL now owns 910 shares of the company’s stock valued at $124,000 after purchasing an additional 346 shares in the last quarter. Finally, Archer Investment Corp increased its stake in iShares Dow Jones U.S. ETF by 49.4% during the 1st quarter. Archer Investment Corp now owns 919 shares of the company’s stock worth $125,000 after buying an additional 304 shares during the period.

iShares Dow Jones U.S. ETF Stock Down 0.6%

iShares Dow Jones U.S. ETF stock opened at $165.21 on Thursday. iShares Dow Jones U.S. ETF has a 52-week low of $116.99 and a 52-week high of $167.88. The firm has a market cap of $2.71 billion, a PE ratio of 25.52 and a beta of 1.02. The company’s 50 day moving average is $162.77 and its two-hundred day moving average is $153.86.

iShares Dow Jones U.S. ETF 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.