Envestnet Asset Management Inc. Buys 2,976 Shares of iShares Dow Jones U.S. ETF $IYY

Envestnet Asset Management Inc. lifted its stake in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 7.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 41,707 shares of the company’s stock after buying an additional 2,976 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Dow Jones U.S. ETF were worth $6,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Financial Consulting LLC acquired a new stake in iShares Dow Jones U.S. ETF in the 2nd quarter valued at $2,464,000. Kovitz Investment Group Partners LLC bought a new position in shares of iShares Dow Jones U.S. ETF during the first quarter valued at $2,014,000. Goldman Sachs Group Inc. boosted its stake in shares of iShares Dow Jones U.S. ETF by 87.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,668 shares of the company’s stock valued at $3,357,000 after purchasing an additional 11,474 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares Dow Jones U.S. ETF by 13.5% in the 1st quarter. Raymond James Financial Inc. now owns 87,051 shares of the company’s stock worth $11,848,000 after purchasing an additional 10,324 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of iShares Dow Jones U.S. ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 57,383 shares of the company’s stock worth $7,810,000 after purchasing an additional 6,625 shares in the last quarter.

iShares Dow Jones U.S. ETF Stock Up 0.1%

Shares of IYY stock opened at $166.18 on Wednesday. The company has a market capitalization of $2.73 billion, a P/E ratio of 25.52 and a beta of 1.02. iShares Dow Jones U.S. ETF has a 12-month low of $116.99 and a 12-month high of $167.88. The firm has a 50-day moving average price of $162.59 and a 200 day moving average price of $153.77.

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.