iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 12-Month High – Still a Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) hit a new 52-week high on Thursday . The company traded as high as $149.87 and last traded at $149.75, with a volume of 23886 shares changing hands. The stock had previously closed at $149.54.

iShares Dow Jones U.S. ETF Price Performance

The stock’s 50 day simple moving average is $146.29 and its two-hundred day simple moving average is $142.04. The firm has a market cap of $2.39 billion, a P/E ratio of 26.90 and a beta of 1.03.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IYY. Brighton Jones LLC bought a new stake in iShares Dow Jones U.S. ETF during the 3rd quarter valued at about $291,000. Heritage Oak Wealth Advisors LLC bought a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter valued at approximately $1,270,000. Allworth Financial LP bought a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter valued at approximately $60,000. Ellis Investment Partners LLC raised its holdings in iShares Dow Jones U.S. ETF by 3.8% in the 3rd quarter. Ellis Investment Partners LLC now owns 10,856 shares of the company’s stock worth $1,515,000 after acquiring an additional 394 shares during the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in iShares Dow Jones U.S. ETF in the 3rd quarter valued at approximately $216,000.

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.