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

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) reached a new 52-week high during trading on Thursday . The company traded as high as $189.05 and last traded at $189.05, with a volume of 4042 shares traded. The stock had previously closed at $188.44.

iShares Dow Jones U.S. ETF Stock Performance

The business’s 50 day moving average price is $182.49 and its two-hundred day moving average price is $174.19. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC boosted its stake in iShares Dow Jones U.S. ETF by 0.3% during the 4th quarter. Lido Advisors LLC now owns 21,529 shares of the company’s stock valued at $3,498,000 after purchasing an additional 74 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares Dow Jones U.S. ETF by 0.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,639 shares of the company’s stock worth $1,930,000 after buying an additional 91 shares in the last quarter. EP Wealth Advisors LLC raised its stake 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 buying an additional 135 shares in the last quarter. Equitable Holdings Inc. lifted its holdings in shares of 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 buying an additional 155 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter valued at $27,000.

iShares Dow Jones U.S. ETF Company Profile

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.