iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Unusually-High Trading Volume – What’s Next?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-high trading volume on Friday . Approximately 146,409 shares traded hands during trading, an increase of 267% from the previous session’s volume of 39,849 shares.The stock last traded at $138.27 and had previously closed at $136.86.

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

The stock’s fifty day moving average price is $133.82 and its 200 day moving average price is $141.51. The stock has a market cap of $2.23 billion, a P/E ratio of 24.35 and a beta of 1.03.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in shares of iShares Dow Jones U.S. ETF by 577.2% in the 4th quarter. Ameriprise Financial Inc. now owns 149,385 shares of the company’s stock worth $21,375,000 after purchasing an additional 127,327 shares in the last quarter. Siligmueller & Norvid Wealth Advisors LLC purchased a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at $12,971,000. Raymond James Financial Inc. bought a new stake in iShares Dow Jones U.S. ETF in the fourth quarter worth $10,979,000. Ibex Wealth Advisors purchased a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth $4,606,000. Finally, Essential Planning LLC. bought a new position in shares of iShares Dow Jones U.S. ETF during the fourth quarter valued at $3,925,000.

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.