iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its stake in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,078 shares of the company’s stock after selling 104 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Dow Jones U.S. ETF were worth $569,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Aspect Partners LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF in the 4th quarter valued at approximately $273,000. Novak & Powell Financial Services Inc. purchased a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth $901,000. Garde Capital Inc. acquired a new position in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth $108,000. Arkansas Financial Group Inc. increased its holdings in shares of iShares Dow Jones U.S. ETF by 6.0% in the 4th quarter. Arkansas Financial Group Inc. now owns 3,097 shares of the company’s stock valued at $361,000 after purchasing an additional 174 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of iShares Dow Jones U.S. ETF by 18.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 212,135 shares of the company’s stock valued at $24,720,000 after purchasing an additional 32,599 shares during the period.

iShares Dow Jones U.S. ETF Trading Up 0.9 %

Shares of IYY opened at $139.33 on Wednesday. iShares Dow Jones U.S. ETF has a twelve month low of $99.61 and a twelve month high of $139.75. The firm has a market capitalization of $2.08 billion, a P/E ratio of 25.62 and a beta of 1.02. The firm’s 50-day moving average is $135.02 and its two-hundred day moving average is $131.24.

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.