iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 12-Month High – Here’s Why

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $169.80 and last traded at $169.80, with a volume of 6275 shares trading hands. The stock had previously closed at $169.04.

iShares Dow Jones U.S. ETF Stock Performance

The company’s fifty day moving average price is $163.83 and its two-hundred day moving average price is $164.89. The firm has a market capitalization of $2.76 billion, a PE ratio of 25.52 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkansas Financial Group Inc. raised its holdings in shares of iShares Dow Jones U.S. ETF by 31.1% in the 3rd quarter. Arkansas Financial Group Inc. now owns 22,572 shares of the company’s stock worth $3,684,000 after purchasing an additional 5,357 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Dow Jones U.S. ETF by 279.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,253 shares of the company’s stock worth $3,941,000 after purchasing an additional 17,860 shares during the period. Apella Capital LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth about $14,236,000. Daytona Street Capital LLC acquired a new stake in iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $703,000. Finally, Sharp Financial Services LLC acquired a new stake in iShares Dow Jones U.S. ETF during the 3rd quarter worth approximately $26,989,000.

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.