iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Unusually-High Trading Volume – What’s Next?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares saw strong trading volume on Tuesday . 68,211 shares traded hands during trading, an increase of 83% from the previous session’s volume of 37,300 shares.The stock last traded at $135.12 and had previously closed at $136.10.

iShares Dow Jones U.S. ETF Trading Up 0.5 %

The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 24.93 and a beta of 1.04. The stock’s fifty day moving average price is $143.50 and its 200-day moving average price is $143.32.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atala Financial Inc acquired a new position in iShares Dow Jones U.S. ETF during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth $45,000. Financial Life Planners purchased a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth $48,000. Ameriflex Group Inc. acquired a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter valued at $87,000. Finally, Archer Investment Corp purchased a new position in iShares Dow Jones U.S. ETF in the fourth quarter valued at $88,000.

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.