iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Large Volume Increase – Here’s Why

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-strong trading volume on Tuesday . Approximately 68,211 shares were traded during trading, an increase of 83% from the previous session’s volume of 37,300 shares.The stock last traded at $135.12 and had previously closed at $136.10.

iShares Dow Jones U.S. ETF Price Performance

The business’s 50 day moving average price is $143.06 and its 200 day moving average price is $143.27. The stock has a market capitalization of $2.22 billion, a P/E ratio of 24.93 and a beta of 1.04.

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

A number of large investors have recently added to or reduced their stakes in IYY. Atala Financial Inc purchased a new position in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $45,000. Financial Life Planners purchased a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $48,000. Ameriflex Group Inc. purchased a new stake in iShares Dow Jones U.S. ETF during the fourth quarter valued at $87,000. Finally, Archer Investment Corp bought a new position in shares of iShares Dow Jones U.S. ETF in the 4th quarter valued at about $88,000.

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.