iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 1-Year High – Time to Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $148.56 and last traded at $148.56, with a volume of 743 shares trading hands. The stock had previously closed at $146.09.

iShares Dow Jones U.S. ETF Stock Up 0.4 %

The company has a market cap of $2.19 billion, a PE ratio of 25.62 and a beta of 1.02. The stock’s 50 day moving average is $141.23 and its 200-day moving average is $135.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the 3rd quarter valued at about $408,000. National Bank of Canada FI boosted its stake in iShares Dow Jones U.S. ETF by 1.6% in the 3rd quarter. National Bank of Canada FI now owns 7,082 shares of the company’s stock worth $989,000 after purchasing an additional 112 shares in the last quarter. Jane Street Group LLC boosted its stake in iShares Dow Jones U.S. ETF by 663.6% in the 3rd quarter. Jane Street Group LLC now owns 12,164 shares of the company’s stock worth $1,698,000 after purchasing an additional 10,571 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in iShares Dow Jones U.S. ETF in the 3rd quarter worth approximately $2,260,000. Finally, Stifel Financial Corp boosted its stake in iShares Dow Jones U.S. ETF by 7.2% in the 3rd quarter. Stifel Financial Corp now owns 22,049 shares of the company’s stock worth $3,078,000 after purchasing an additional 1,485 shares in the last quarter.

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.