iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 52-Week High – What’s Next?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) hit a new 52-week high on Wednesday . The company traded as high as $143.94 and last traded at $143.79, with a volume of 29122 shares. The stock had previously closed at $140.57.

iShares Dow Jones U.S. ETF Stock Performance

The firm has a market capitalization of $2.15 billion, a P/E ratio of 25.62 and a beta of 1.02. The business has a 50 day simple moving average of $138.56 and a two-hundred day simple moving average of $133.47.

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

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in iShares Dow Jones U.S. ETF by 3.9% during the 2nd quarter. LPL Financial LLC now owns 328,481 shares of the company’s stock valued at $43,461,000 after acquiring an additional 12,304 shares during the period. Sharp Financial Services LLC purchased a new stake in iShares Dow Jones U.S. ETF during the 2nd quarter valued at about $16,381,000. Cetera Investment Advisers boosted its holdings in iShares Dow Jones U.S. ETF by 17.7% during the 2nd quarter. Cetera Investment Advisers now owns 52,600 shares of the company’s stock valued at $6,960,000 after acquiring an additional 7,919 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares Dow Jones U.S. ETF by 21.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,555 shares of the company’s stock worth $6,424,000 after buying an additional 8,682 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in iShares Dow Jones U.S. ETF by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,924 shares of the company’s stock worth $5,679,000 after buying an additional 3,053 shares during the period.

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.