iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 1-Year High – Still a Buy?
by Amy Steele · The Cerbat GemiShares Dow Jones U.S. ETF (NYSEARCA:IYY – Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $169.23 and last traded at $169.2380, with a volume of 24229 shares trading hands. The stock had previously closed at $168.96.
iShares Dow Jones U.S. ETF Stock Up 0.2%
The stock has a market capitalization of $2.78 billion, a P/E ratio of 25.52 and a beta of 1.02. The stock’s 50 day moving average price is $165.51 and its 200-day moving average price is $160.78.
Hedge Funds Weigh In On iShares Dow Jones U.S. ETF
Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of iShares Dow Jones U.S. ETF in the 3rd quarter valued at $32,000. Simplex Trading LLC purchased a new stake in iShares Dow Jones U.S. ETF during the 2nd quarter valued at approximately $64,000. Financial Life Planners acquired a new position in iShares Dow Jones U.S. ETF during the 3rd quarter worth approximately $80,000. Triumph Capital Management acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 3rd quarter valued at approximately $93,000. Finally, Assetmark Inc. lifted its holdings in shares of iShares Dow Jones U.S. ETF by 137.1% in the third quarter. Assetmark Inc. now owns 780 shares of the company’s stock valued at $127,000 after purchasing an additional 451 shares in the last quarter.
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.