Steinberganna Wealth Management Makes New $6.48 Million Investment in iShares Dow Jones U.S. ETF $IYY

Steinberganna Wealth Management purchased a new stake in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 39,892 shares of the company’s stock, valued at approximately $6,482,000. iShares Dow Jones U.S. ETF accounts for 3.0% of Steinberganna Wealth Management’s holdings, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in shares of iShares Dow Jones U.S. ETF by 2.6% in the second quarter. Westside Investment Management Inc. now owns 2,970 shares of the company’s stock valued at $448,000 after buying an additional 75 shares during the period. EP Wealth Advisors LLC grew its holdings in iShares Dow Jones U.S. ETF by 0.6% during the second 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 during the period. TIAA Trust National Association raised its position in iShares Dow Jones U.S. ETF by 2.6% in the second quarter. TIAA Trust National Association now owns 7,380 shares of the company’s stock worth $1,113,000 after acquiring an additional 185 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in iShares Dow Jones U.S. ETF by 5.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,096 shares of the company’s stock valued at $920,000 after acquiring an additional 313 shares during the last quarter. Finally, Nilsine Partners LLC lifted its holdings in iShares Dow Jones U.S. ETF by 1.9% in the 3rd quarter. Nilsine Partners LLC now owns 17,311 shares of the company’s stock valued at $2,813,000 after acquiring an additional 316 shares during the last quarter.

iShares Dow Jones U.S. ETF Price Performance

IYY stock opened at $167.98 on Friday. The firm has a market cap of $2.76 billion, a PE ratio of 25.52 and a beta of 1.02. iShares Dow Jones U.S. ETF has a 12 month low of $116.99 and a 12 month high of $168.99. The firm has a 50 day simple moving average of $165.39 and a 200 day simple moving average of $160.31.

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.