iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Strong Trading Volume – Still a Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-high trading volume on Friday . Approximately 50,212 shares traded hands during trading, an increase of 48% from the previous session’s volume of 33,943 shares.The stock last traded at $165.6880 and had previously closed at $165.81.

iShares Dow Jones U.S. ETF Trading Down 0.1%

The stock has a 50 day simple moving average of $165.28 and a 200-day simple moving average of $159.54. The firm has a market cap of $2.72 billion, a PE ratio of 25.52 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its position in shares of iShares Dow Jones U.S. ETF by 2.6% during the second quarter. Westside Investment Management Inc. now owns 2,970 shares of the company’s stock worth $448,000 after acquiring an additional 75 shares during the last quarter. Synovus Financial Corp lifted its stake in iShares Dow Jones U.S. ETF by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 4,551 shares of the company’s stock worth $740,000 after purchasing an additional 86 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of iShares Dow Jones U.S. ETF by 0.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 22,998 shares of the company’s stock valued at $3,470,000 after purchasing an additional 135 shares during the last quarter. TIAA Trust National Association grew its position in shares of iShares Dow Jones U.S. ETF by 2.6% during the second quarter. TIAA Trust National Association now owns 7,380 shares of the company’s stock valued at $1,113,000 after purchasing an additional 185 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of iShares Dow Jones U.S. ETF in the third quarter worth about $32,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.