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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $167.93 and last traded at $167.96, with a volume of 20731 shares. The stock had previously closed at $167.46.

iShares Dow Jones U.S. ETF Stock Up 0.3%

The stock has a market capitalization of $2.76 billion, a P/E ratio of 25.52 and a beta of 1.02. The firm has a fifty day moving average price of $164.67 and a two-hundred day moving average price of $158.71.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in iShares Dow Jones U.S. ETF in the 3rd quarter worth approximately $32,000. Simplex Trading LLC purchased a new stake in iShares Dow Jones U.S. ETF during the 2nd quarter valued at $64,000. Financial Life Planners bought a new stake in shares of iShares Dow Jones U.S. ETF in the 3rd quarter worth $80,000. Triumph Capital Management purchased a new position in shares of iShares Dow Jones U.S. ETF in the third quarter worth $93,000. Finally, Assetmark Inc. raised its stake in shares of iShares Dow Jones U.S. ETF by 137.1% in the third quarter. Assetmark Inc. now owns 780 shares of the company’s stock worth $127,000 after purchasing an additional 451 shares during the last quarter.

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.