iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 12-Month High – Here’s What Happened

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) reached a new 52-week high on Wednesday . The company traded as high as $176.39 and last traded at $176.07, with a volume of 16673 shares traded. The stock had previously closed at $174.66.

iShares Dow Jones U.S. ETF Price Performance

The firm has a 50-day moving average of $165.86 and a 200-day moving average of $166.08. The stock has a market cap of $2.91 billion, a PE ratio of 25.52 and a beta of 1.01.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

A number of institutional investors have recently added to or reduced their stakes in IYY. Lido Advisors LLC lifted its holdings in shares of iShares Dow Jones U.S. ETF by 0.3% in the fourth quarter. Lido Advisors LLC now owns 21,529 shares of the company’s stock worth $3,498,000 after buying an additional 74 shares in the last quarter. Synovus Financial Corp grew its stake in iShares Dow Jones U.S. ETF by 1.9% during the third quarter. Synovus Financial Corp now owns 4,551 shares of the company’s stock valued at $740,000 after acquiring an additional 86 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in iShares Dow Jones U.S. ETF by 0.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,639 shares of the company’s stock valued at $1,930,000 after acquiring an additional 91 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in iShares Dow Jones U.S. ETF by 3.0% in the 4th quarter. Capital Investment Advisors LLC now owns 3,377 shares of the company’s stock worth $560,000 after purchasing an additional 99 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in iShares Dow Jones U.S. ETF by 0.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 22,998 shares of the company’s stock worth $3,470,000 after purchasing an additional 135 shares in the last quarter.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.