iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Hits New 1-Year High at $149.20 – Riverton Roll

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iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares reached a new 52-week high on Wednesday . The stock traded as high as $149.20 and last traded at $149.03, with a volume of 6999 shares traded. The stock had previously closed at $148.21.

The stock has a fifty day simple moving average of $144.13.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Tuesday, June 18th were issued a $0.7671 dividend. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from iShares Dow Jones U.S. ETF’s previous quarterly dividend of $0.51. This represents a $3.07 annualized dividend and a yield of 2.06%.

A number of institutional investors and hedge funds have recently bought and sold shares of IYY. Nottingham Advisors Inc. increased its position in shares of iShares Dow Jones U.S. ETF by 5.1% during the first quarter. Nottingham Advisors Inc. now owns 1,555 shares of the company’s stock worth $220,000 after acquiring an additional 75 shares in the last quarter. Cooper Haims Advisors LLC increased its position in shares of iShares Dow Jones U.S. ETF by 9.0% during the first quarter. Cooper Haims Advisors LLC now owns 2,321 shares of the company’s stock worth $328,000 after acquiring an additional 191 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of iShares Dow Jones U.S. ETF by 2.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 7,020 shares of the company’s stock worth $991,000 after acquiring an additional 200 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth $29,000. Finally, LexAurum Advisors LLC increased its position in shares of iShares Dow Jones U.S. ETF by 23.5% during the first quarter. LexAurum Advisors LLC now owns 2,490 shares of the company’s stock worth $352,000 after acquiring an additional 473 shares in the last quarter.

About iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

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.

Further Reading: Buy Rating

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