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

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-high trading volume on Friday . Approximately 133,656 shares traded hands during 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 Trading Up 1.4 %

The firm has a 50 day moving average price of $145.12 and a 200-day moving average price of $138.81. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 25.62 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of iShares Dow Jones U.S. ETF by 3.4% during the 3rd quarter. FMR LLC now owns 24,044 shares of the company’s stock worth $3,356,000 after acquiring an additional 789 shares during the period. Sanctuary Advisors LLC purchased a new position in iShares Dow Jones U.S. ETF during the third quarter worth approximately $408,000. Farther Finance Advisors LLC boosted its holdings in shares of iShares Dow Jones U.S. ETF by 7.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,634 shares of the company’s stock valued at $786,000 after purchasing an additional 379 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF during the 3rd quarter valued at $2,260,000. Finally, Jane Street Group LLC increased its holdings in shares of iShares Dow Jones U.S. ETF by 663.6% during 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.

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.