iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 52-Week High – What’s Next?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) reached a new 52-week high on Wednesday . The stock traded as high as $143.94 and last traded at $143.79, with a volume of 29122 shares traded. The stock had previously closed at $140.57.

iShares Dow Jones U.S. ETF Trading Up 2.7 %

The firm has a fifty day simple moving average of $138.56 and a two-hundred day simple moving average of $133.47. The firm has a market cap of $2.15 billion, a PE ratio of 25.62 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. First Heartland Consultants Inc. lifted its stake in shares of iShares Dow Jones U.S. ETF by 1.7% in the 3rd quarter. First Heartland Consultants Inc. now owns 23,742 shares of the company’s stock valued at $3,314,000 after purchasing an additional 397 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in shares of iShares Dow Jones U.S. ETF in the 3rd quarter valued at approximately $314,000. Farther Finance Advisors LLC lifted its stake in shares of iShares Dow Jones U.S. ETF by 7.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,634 shares of the company’s stock valued at $786,000 after purchasing an additional 379 shares during the period. Laurel Wealth Planning LLC purchased a new position in shares of iShares Dow Jones U.S. ETF in the 3rd quarter valued at approximately $428,000. Finally, Tyche Wealth Partners LLC purchased a new position in shares of iShares Dow Jones U.S. ETF in the 3rd quarter valued at approximately $216,000.

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.