iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sets New 1-Year High – Should You Buy?

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

iShares Dow Jones U.S. ETF Stock Performance

The firm has a market capitalization of $2.45 billion, a PE ratio of 26.90 and a beta of 1.03. The company’s fifty day moving average price is $146.25 and its two-hundred day moving average price is $141.94.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IYY. NorthRock Partners LLC raised its holdings in iShares Dow Jones U.S. ETF by 245.4% in the fourth quarter. NorthRock Partners LLC now owns 17,158 shares of the company’s stock valued at $2,455,000 after buying an additional 12,190 shares during the period. KKM Financial LLC purchased a new position in iShares Dow Jones U.S. ETF in the fourth quarter valued at approximately $388,000. Focus Partners Wealth raised its holdings in iShares Dow Jones U.S. ETF by 94.7% in the fourth quarter. Focus Partners Wealth now owns 14,772 shares of the company’s stock valued at $2,114,000 after buying an additional 7,186 shares during the period. EP Wealth Advisors LLC raised its holdings in iShares Dow Jones U.S. ETF by 44.8% in the fourth quarter. EP Wealth Advisors LLC now owns 22,908 shares of the company’s stock valued at $3,278,000 after buying an additional 7,090 shares during the period. Finally, Citadel Advisors LLC purchased a new position in iShares Dow Jones U.S. ETF in the fourth quarter valued at approximately $2,945,000.

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.