UBS Group AG Decreases Stake in iShares Dow Jones U.S. ETF $IYY

UBS Group AG reduced its position in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,837 shares of the company’s stock after selling 4,181 shares during the period. UBS Group AG owned approximately 0.38% of iShares Dow Jones U.S. ETF worth $10,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in iShares Dow Jones U.S. ETF in the 3rd quarter valued at about $32,000. Financial Life Planners purchased a new position in iShares Dow Jones U.S. ETF in the 3rd quarter valued at about $80,000. Triumph Capital Management bought a new position in shares of iShares Dow Jones U.S. ETF during the third quarter worth about $93,000. Assetmark Inc. lifted its position in shares of iShares Dow Jones U.S. ETF by 137.1% during the third quarter. Assetmark Inc. now owns 780 shares of the company’s stock worth $127,000 after purchasing an additional 451 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth about $177,000.

iShares Dow Jones U.S. ETF Stock Performance

Shares of IYY stock opened at $179.33 on Friday. iShares Dow Jones U.S. ETF has a one year low of $140.22 and a one year high of $181.89. The company’s 50-day simple moving average is $167.38 and its 200-day simple moving average is $166.73. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01.

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