iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 1-Year High – Time to Buy?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) hit a new 52-week high during trading on Monday . The company traded as high as $148.56 and last traded at $148.56, with a volume of 743 shares changing hands. The stock had previously closed at $146.09.

iShares Dow Jones U.S. ETF Stock Up 0.4 %

The firm has a market capitalization of $2.19 billion, a PE ratio of 25.62 and a beta of 1.02. The stock’s fifty day simple moving average is $141.23 and its 200 day simple moving average is $135.40.

Institutional Trading of iShares Dow Jones U.S. ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IYY. Allworth Financial LP bought a new position in shares of iShares Dow Jones U.S. ETF in the third quarter worth approximately $60,000. Procyon Advisors LLC bought a new position in shares of iShares Dow Jones U.S. ETF in the third quarter worth approximately $209,000. Tyche Wealth Partners LLC bought a new position in shares of iShares Dow Jones U.S. ETF in the third quarter worth approximately $216,000. Certuity LLC bought a new position in shares of iShares Dow Jones U.S. ETF in the second quarter worth approximately $291,000. Finally, Brighton Jones LLC bought a new position in shares of iShares Dow Jones U.S. ETF in the third quarter worth approximately $291,000.

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.