Raymond James & Associates Reduces Stake in iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

Raymond James & Associates reduced its position in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,517 shares of the company’s stock after selling 2,465 shares during the period. Raymond James & Associates owned approximately 0.19% of iShares Dow Jones U.S. ETF worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its position in iShares Dow Jones U.S. ETF by 3.9% during the second quarter. LPL Financial LLC now owns 328,481 shares of the company’s stock valued at $43,461,000 after purchasing an additional 12,304 shares in the last quarter. Sharp Financial Services LLC purchased a new position in iShares Dow Jones U.S. ETF during the second quarter valued at $16,381,000. Cetera Investment Advisers lifted its position in iShares Dow Jones U.S. ETF by 17.7% during the second quarter. Cetera Investment Advisers now owns 52,600 shares of the company’s stock valued at $6,960,000 after purchasing an additional 7,919 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in iShares Dow Jones U.S. ETF by 21.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,555 shares of the company’s stock valued at $6,424,000 after purchasing an additional 8,682 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in iShares Dow Jones U.S. ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 42,924 shares of the company’s stock valued at $5,679,000 after purchasing an additional 3,053 shares in the last quarter.

iShares Dow Jones U.S. ETF Stock Performance

NYSEARCA IYY opened at $139.24 on Friday. The company has a market capitalization of $2.07 billion, a PE ratio of 25.62 and a beta of 1.02. The business’s fifty day moving average is $138.43 and its 200 day moving average is $133.13. iShares Dow Jones U.S. ETF has a fifty-two week low of $103.73 and a fifty-two week high of $142.66.

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.