iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 52-Week High – Should You Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $185.38 and last traded at $185.38, with a volume of 1587 shares changing hands. The stock had previously closed at $181.80.

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

The firm 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 simple moving average of $181.78 and a two-hundred day simple moving average of $173.20.

Institutional Trading of iShares Dow Jones U.S. ETF

A number of large investors have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the 4th quarter worth approximately $27,000. Franklin Resources Inc. bought a new position in iShares Dow Jones U.S. ETF during the third quarter valued at $32,000. Arax Advisory Partners bought a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at $47,000. AlphaCore Capital LLC purchased a new stake in iShares Dow Jones U.S. ETF in the fourth quarter worth $50,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in iShares Dow Jones U.S. ETF in the fourth quarter worth $52,000.

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.