iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 1-Year High – Should You Buy?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $139.79 and last traded at $139.79, with a volume of 3799 shares traded. The stock had previously closed at $139.33.

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

The stock’s 50 day simple moving average is $135.17 and its two-hundred day simple moving average is $131.32. The company has a market cap of $2.09 billion, a PE ratio of 25.62 and a beta of 1.02.

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

A number of hedge funds have recently made changes to their positions in the business. UMB Bank n.a. purchased a new stake in iShares Dow Jones U.S. ETF during the 1st quarter worth $114,000. Garde Capital Inc. purchased a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth about $108,000. Trifecta Capital Advisors LLC acquired a new position in shares of iShares Dow Jones U.S. ETF in the first quarter worth about $175,000. Certuity LLC purchased a new position in iShares Dow Jones U.S. ETF in the second quarter valued at about $291,000. Finally, SP Asset Management LLC acquired a new stake in iShares Dow Jones U.S. ETF during the 2nd quarter valued at approximately $293,000.

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.