iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 12-Month High – What’s Next?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $168.28 and last traded at $168.45, with a volume of 37257 shares trading hands. The stock had previously closed at $167.40.

iShares Dow Jones U.S. ETF Stock Up 0.7%

The firm has a 50 day moving average price of $165.31 and a 200-day moving average price of $160.04. The stock has a market capitalization of $2.77 billion, a PE ratio of 25.52 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in iShares Dow Jones U.S. ETF by 279.4% in the third quarter. JPMorgan Chase & Co. now owns 24,253 shares of the company’s stock valued at $3,941,000 after purchasing an additional 17,860 shares during the last quarter. Triumph Capital Management acquired a new position in shares of iShares Dow Jones U.S. ETF in the 3rd quarter valued at about $93,000. Allworth Financial LP boosted its stake in shares of iShares Dow Jones U.S. ETF by 292.2% in the third quarter. Allworth Financial LP now owns 2,110 shares of the company’s stock worth $343,000 after buying an additional 1,572 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in iShares Dow Jones U.S. ETF during the third quarter worth about $1,220,000. Finally, CIBC Private Wealth Group LLC grew its holdings in iShares Dow Jones U.S. ETF by 9.1% during the third quarter. CIBC Private Wealth Group LLC now owns 6,930 shares of the company’s stock worth $1,126,000 after acquiring an additional 578 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.