iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 52-Week High – What’s Next?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) hit a new 52-week high on Tuesday. The company traded as high as $190.02 and last traded at $190.0150, with a volume of 6697 shares changing hands. The stock had previously closed at $188.48.

iShares Dow Jones U.S. ETF Stock Up 0.6%

The firm has a 50 day moving average of $186.27 and a two-hundred day moving average of $179.32. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01.

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

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in iShares Dow Jones U.S. ETF by 27.5% in the first quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after purchasing an additional 53,715 shares during the period. Kestra Advisory Services LLC increased its stake in shares of iShares Dow Jones U.S. ETF by 202.5% in the first 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 period. Royal Bank of Canada raised its position in shares of iShares Dow Jones U.S. ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 77,895 shares of the company’s stock worth $12,342,000 after acquiring an additional 1,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Dow Jones U.S. ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 44,050 shares of the company’s stock valued at $8,029,000 after acquiring an additional 506 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in iShares Dow Jones U.S. ETF by 8,150.6% during the 1st quarter. Fifth Third Bancorp now owns 29,537 shares of the company’s stock valued at $4,680,000 after purchasing an additional 29,179 shares during the period.

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.