SPDR Global Dow ETF (NYSEARCA:DGT) Sets New 1-Year High – Still a Buy?

SPDR Global Dow ETF (NYSEARCA:DGT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $183.88 and last traded at $183.88, with a volume of 2190 shares trading hands. The stock had previously closed at $178.37.

SPDR Global Dow ETF Price Performance

The business has a fifty day moving average price of $174.37 and a two-hundred day moving average price of $170.73. The firm has a market capitalization of $598.29 million, a price-to-earnings ratio of 15.93 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Fagan Associates Inc. increased its holdings in shares of SPDR Global Dow ETF by 11.8% in the third quarter. Fagan Associates Inc. now owns 72,840 shares of the company’s stock valued at $11,782,000 after purchasing an additional 7,673 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of SPDR Global Dow ETF by 16.0% in the third quarter. Jones Financial Companies Lllp now owns 20,601 shares of the company’s stock valued at $3,316,000 after purchasing an additional 2,835 shares during the period. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of SPDR Global Dow ETF by 6.0% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 74,515 shares of the company’s stock valued at $12,053,000 after purchasing an additional 4,187 shares during the period. Members Advisory Group LLC increased its holdings in shares of SPDR Global Dow ETF by 58.2% in the fourth quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock valued at $19,984,000 after purchasing an additional 44,113 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its holdings in shares of SPDR Global Dow ETF by 65.8% in the third quarter. Onyx Bridge Wealth Group LLC now owns 41,534 shares of the company’s stock valued at $6,718,000 after purchasing an additional 16,478 shares during the period.

About SPDR Global Dow ETF

SPDR Global Dow ETF (the Fund), formerly SPDR DJ Global Titans ETF, is an open-end investment management company. The Fund seeks to replicate as closely as possible, the performance of the Dow Jones Global Titans 50 Index U.S. Close (the Index). The Index includes 50 stocks of multinational blue-chip companies that are traded on United States or foreign stock exchange. The Index component stocks are chosen by Dow Jones based on the combination of market data and fundamental data, such as float-adjusted market capitalization, sales/revenue and net profit.