iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 52-Week High – Here’s Why

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $149.87 and last traded at $149.75, with a volume of 23886 shares trading hands. The stock had previously closed at $149.54.

iShares Dow Jones U.S. ETF Stock Performance

The business’s fifty day moving average price is $146.29 and its 200-day moving average price is $142.04. The stock has a market cap of $2.39 billion, a PE ratio of 26.90 and a beta of 1.03.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its stake in shares of iShares Dow Jones U.S. ETF by 577.2% during the 4th quarter. Ameriprise Financial Inc. now owns 149,385 shares of the company’s stock valued at $21,375,000 after purchasing an additional 127,327 shares during the period. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in iShares Dow Jones U.S. ETF during the fourth quarter valued at approximately $12,971,000. Raymond James Financial Inc. purchased a new stake in iShares Dow Jones U.S. ETF during the fourth quarter valued at approximately $10,979,000. Ibex Wealth Advisors bought a new position in iShares Dow Jones U.S. ETF in the fourth quarter worth approximately $4,606,000. Finally, Essential Planning LLC. bought a new position in iShares Dow Jones U.S. ETF in the fourth quarter worth approximately $3,925,000.

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.