Sovereign Financial Group Inc. Takes Position in iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

Sovereign Financial Group Inc. bought a new stake in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,182 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds have also made changes to their positions in the company. Mine & Arao Wealth Creation & Management LLC. increased its holdings in iShares Dow Jones U.S. ETF by 0.9% during the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 11,281 shares of the company’s stock valued at $1,315,000 after buying an additional 103 shares during the period. Savant Capital LLC grew its stake in shares of iShares Dow Jones U.S. ETF by 1.4% during the 4th quarter. Savant Capital LLC now owns 165,085 shares of the company’s stock worth $19,237,000 after purchasing an additional 2,326 shares during the period. North Star Asset Management Inc. purchased a new position in shares of iShares Dow Jones U.S. ETF during the 4th quarter valued at approximately $210,000. Gray Wealth Management Inc. acquired a new position in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth about $217,000. Finally, Main Street Research LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter valued at about $397,000.

iShares Dow Jones U.S. ETF Trading Up 0.1 %

NYSEARCA:IYY traded up $0.15 during trading hours on Tuesday, hitting $126.35. 13,917 shares of the stock were exchanged, compared to its average volume of 30,034. The firm’s fifty day moving average price is $125.24 and its 200 day moving average price is $118.12. The company has a market cap of $1.88 billion, a P/E ratio of 24.88 and a beta of 1.01. iShares Dow Jones U.S. ETF has a 52-week low of $99.61 and a 52-week high of $128.29.

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.