Elevation Capital Advisory LLC Makes New Investment in iShares Dow Jones U.S. ETF $IYY

Elevation Capital Advisory LLC bought a new stake in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,022 shares of the company’s stock, valued at approximately $2,928,000. iShares Dow Jones U.S. ETF accounts for about 1.2% of Elevation Capital Advisory LLC’s holdings, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IYY. Sharp Financial Services LLC purchased a new stake in iShares Dow Jones U.S. ETF in the third quarter worth $26,989,000. Raymond James Financial Inc. raised its holdings in iShares Dow Jones U.S. ETF by 15.9% in the 2nd quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock worth $15,223,000 after purchasing an additional 13,845 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Dow Jones U.S. ETF by 159.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 70,208 shares of the company’s stock worth $10,592,000 after purchasing an additional 43,127 shares during the period. Cetera Investment Advisers boosted its stake in shares of iShares Dow Jones U.S. ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 59,159 shares of the company’s stock valued at $8,925,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Dow Jones U.S. ETF by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 53,969 shares of the company’s stock valued at $8,804,000 after purchasing an additional 1,010 shares in the last quarter.

iShares Dow Jones U.S. ETF Price Performance

IYY stock opened at $167.97 on Friday. iShares Dow Jones U.S. ETF has a 1 year low of $116.99 and a 1 year high of $169.49. The firm has a 50-day moving average of $166.01 and a 200 day moving average of $161.56. The company has a market cap of $2.76 billion, a P/E ratio of 25.52 and a beta of 1.02.

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.