iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 1-Year High – Time to Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $179.95 and last traded at $179.58, with a volume of 11204 shares changing hands. The stock had previously closed at $179.20.

iShares Dow Jones U.S. ETF Price Performance

The business’s 50 day moving average price is $166.31 and its 200-day moving average price is $166.30. The company has a market cap of $2.94 billion, a P/E ratio of 25.52 and a beta of 1.01.

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

Several institutional investors have recently added to or reduced their stakes in IYY. Sharp Financial Services LLC bought a new stake in iShares Dow Jones U.S. ETF in the 3rd quarter valued at $26,989,000. Apella Capital LLC acquired a new position in iShares Dow Jones U.S. ETF in the 4th quarter valued at about $14,236,000. Rothschild Wealth LLC acquired a new position in iShares Dow Jones U.S. ETF in the 4th quarter valued at about $12,954,000. Kestra Advisory Services LLC grew its stake in iShares Dow Jones U.S. ETF by 202.5% in the 1st quarter. Kestra Advisory Services LLC now owns 105,487 shares of the company’s stock valued at $16,714,000 after buying an additional 70,621 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares Dow Jones U.S. ETF by 159.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 70,208 shares of the company’s stock valued at $10,592,000 after purchasing an additional 43,127 shares during the period.

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