iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Large Volume Increase – Here’s What Happened

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw strong trading volume on Tuesday . 43,583 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 27,303 shares.The stock last traded at $179.74 and had previously closed at $180.11.

iShares Dow Jones U.S. ETF Stock Up 0.5%

The business has a 50 day moving average price of $181.47 and a 200 day moving average price of $172.49. The stock has a market cap of $2.94 billion, a P/E ratio of 25.52 and a beta of 1.01.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its stake in iShares Dow Jones U.S. ETF by 0.3% in the 4th quarter. Lido Advisors LLC now owns 21,529 shares of the company’s stock worth $3,498,000 after acquiring an additional 74 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in iShares Dow Jones U.S. ETF by 0.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,639 shares of the company’s stock worth $1,930,000 after acquiring an additional 91 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in iShares Dow Jones U.S. ETF by 3.0% during the fourth quarter. Capital Investment Advisors LLC now owns 3,377 shares of the company’s stock valued at $560,000 after buying an additional 99 shares during the period. EP Wealth Advisors LLC raised its position in shares of iShares Dow Jones U.S. ETF by 0.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 22,998 shares of the company’s stock worth $3,470,000 after acquiring an additional 135 shares in the last quarter. Finally, Equitable Holdings Inc. grew its stake in iShares Dow Jones U.S. ETF by 3.2% in the fourth quarter. Equitable Holdings Inc. now owns 5,066 shares of the company’s stock valued at $840,000 after purchasing an additional 155 shares during the last quarter.

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.