iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw an uptick in trading volume on Friday . 133,656 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 78,513 shares.The stock last traded at $144.25 and had previously closed at $142.68.

iShares Dow Jones U.S. ETF Stock Up 1.4 %

The firm’s 50-day simple moving average is $145.20 and its 200-day simple moving average is $138.90. The firm has a market capitalization of $2.16 billion, a PE ratio of 25.62 and a beta of 1.02.

Institutional Trading of iShares Dow Jones U.S. ETF

Institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter worth about $3,357,000. Kovitz Investment Group Partners LLC bought a new position in iShares Dow Jones U.S. ETF during the 3rd quarter valued at approximately $2,260,000. LPL Financial LLC lifted its holdings in iShares Dow Jones U.S. ETF by 3.9% in the 2nd quarter. LPL Financial LLC now owns 328,481 shares of the company’s stock worth $43,461,000 after buying an additional 12,304 shares during the period. Jane Street Group LLC grew its position in shares of iShares Dow Jones U.S. ETF by 663.6% in the 3rd quarter. Jane Street Group LLC now owns 12,164 shares of the company’s stock worth $1,698,000 after buying an additional 10,571 shares during the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of iShares Dow Jones U.S. ETF during the second quarter valued at approximately $1,204,000.

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.