iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-high trading volume on Tuesday. Approximately 54,971 shares changed hands during mid-day trading, an increase of 104% from the previous session’s volume of 26,887 shares. The stock last traded at $188.8890 and had previously closed at $189.10.

iShares Dow Jones U.S. ETF Stock Down 0.2%

The company has a market cap of $3.05 billion, a PE ratio of 25.52 and a beta of 1.01. The company has a 50-day moving average of $187.06 and a 200-day moving average of $180.36.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC grew its position 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 worth $16,714,000 after purchasing an additional 70,621 shares in the last quarter. Bank of America Corp DE increased its stake in iShares Dow Jones U.S. ETF by 27.5% in the 1st quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after buying an additional 53,715 shares during the last quarter. Fifth Third Bancorp increased its stake in iShares Dow Jones U.S. ETF by 8,150.6% in the 1st quarter. Fifth Third Bancorp now owns 29,537 shares of the company’s stock valued at $4,680,000 after buying an additional 29,179 shares during the last quarter. First Heartland Consultants Inc. purchased a new stake in iShares Dow Jones U.S. ETF in the 3rd quarter valued at about $4,315,000. Finally, Rockefeller Capital Management L.P. increased its stake in iShares Dow Jones U.S. ETF by 303.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,737 shares of the company’s stock valued at $1,615,000 after buying an additional 7,325 shares during the last quarter.

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.