iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 52-Week High at $128.18

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares hit a new 52-week high on Thursday . The stock traded as high as $128.18 and last traded at $128.02, with a volume of 17560 shares. The stock had previously closed at $128.04.

iShares Dow Jones U.S. ETF Stock Performance

The company has a market cap of $1.97 billion, a price-to-earnings ratio of 17.81 and a beta of 1.02. The firm has a fifty day moving average price of $122.92 and a 200 day moving average price of $114.21.

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

Several hedge funds have recently added to or reduced their stakes in IYY. JPMorgan Chase & Co. lifted its holdings in iShares Dow Jones U.S. ETF by 12.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,255 shares of the company’s stock valued at $251,000 after purchasing an additional 245 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in iShares Dow Jones U.S. ETF by 4.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,100 shares of the company’s stock worth $1,347,000 after buying an additional 515 shares during the period. Centaurus Financial Inc. increased its position in iShares Dow Jones U.S. ETF by 24.5% during the 1st quarter. Centaurus Financial Inc. now owns 1,220 shares of the company’s stock worth $136,000 after buying an additional 240 shares during the period. UBS Group AG increased its position in iShares Dow Jones U.S. ETF by 1.2% during the 1st quarter. UBS Group AG now owns 149,258 shares of the company’s stock worth $16,621,000 after buying an additional 1,755 shares during the period. Finally, Royal Bank of Canada increased its position in iShares Dow Jones U.S. ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 87,037 shares of the company’s stock worth $9,693,000 after buying an additional 2,619 shares during the period.

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.