Gray Wealth Management Inc. Makes New $217,000 Investment in iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

Gray Wealth Management Inc. bought a new stake in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,866 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYY. Morgan Stanley boosted its position in shares of iShares Dow Jones U.S. ETF by 6.4% in the fourth quarter. Morgan Stanley now owns 480,062 shares of the company’s stock valued at $44,862,000 after acquiring an additional 28,721 shares during the period. LPL Financial LLC lifted its stake in iShares Dow Jones U.S. ETF by 2.6% in the 3rd quarter. LPL Financial LLC now owns 307,040 shares of the company’s stock worth $32,080,000 after purchasing an additional 7,653 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Dow Jones U.S. ETF by 63.0% in the 4th quarter. Bank of America Corp DE now owns 215,536 shares of the company’s stock valued at $20,142,000 after purchasing an additional 83,320 shares during the period. UBS Group AG grew its position in shares of iShares Dow Jones U.S. ETF by 1.2% during the 1st quarter. UBS Group AG now owns 149,258 shares of the company’s stock valued at $16,621,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of iShares Dow Jones U.S. ETF by 0.4% in the third quarter. Commonwealth Equity Services LLC now owns 119,673 shares of the company’s stock worth $12,504,000 after purchasing an additional 493 shares during the period.

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

Shares of IYY stock traded down $0.18 on Thursday, reaching $121.95. The company’s stock had a trading volume of 29,104 shares, compared to its average volume of 32,417. The company has a market capitalization of $1.82 billion, a P/E ratio of 25.59 and a beta of 1.01. iShares Dow Jones U.S. ETF has a 12-month low of $98.37 and a 12-month high of $128.29. The stock’s 50 day simple moving average is $124.95 and its 200-day simple moving average is $116.20.

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.