iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 52-Week High – Should You Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $169.53 and last traded at $169.4160, with a volume of 20583 shares changing hands. The stock had previously closed at $168.69.

iShares Dow Jones U.S. ETF Trading Down 0.2%

The stock’s 50-day simple moving average is $166.79 and its 200-day simple moving average is $162.14. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 25.52 and a beta of 1.02.

Institutional Trading of iShares Dow Jones U.S. ETF

Several large investors have recently modified their holdings of IYY. Arkansas Financial Group Inc. raised its stake in iShares Dow Jones U.S. ETF by 15.3% in the fourth quarter. Arkansas Financial Group Inc. now owns 26,044 shares of the company’s stock valued at $4,318,000 after purchasing an additional 3,460 shares in the last quarter. Legacy Capital Group California Inc. bought a new position in iShares Dow Jones U.S. ETF in the 4th quarter valued at about $1,049,000. Aureum Wealth Management LLC acquired a new position in shares of iShares Dow Jones U.S. ETF in the 4th quarter valued at approximately $232,000. DSG Capital Advisors LLC bought a new stake in shares of iShares Dow Jones U.S. ETF during the 4th quarter worth approximately $4,181,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of iShares Dow Jones U.S. ETF by 20.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,712 shares of the company’s stock worth $450,000 after acquiring an additional 455 shares during the period.

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.