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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $149.40 and last traded at $149.19, with a volume of 6520 shares traded. The stock had previously closed at $149.14.

iShares Dow Jones U.S. ETF Stock Performance

The company has a market cap of $2.22 billion, a PE ratio of 25.62 and a beta of 1.02. The business’s 50-day moving average is $145.91 and its 200 day moving average is $140.18.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IYY. Sharp Financial Services LLC raised its holdings in iShares Dow Jones U.S. ETF by 3.7% during the 4th quarter. Sharp Financial Services LLC now owns 137,610 shares of the company’s stock valued at $19,691,000 after buying an additional 4,862 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 7,919 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of 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 acquiring an additional 3,053 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of iShares Dow Jones U.S. ETF by 2.4% during the third quarter. HighTower Advisors LLC now owns 38,827 shares of the company’s stock worth $5,421,000 after purchasing an additional 920 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $4,606,000.

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.