SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 1-Year High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price reached a new 52-week high on Thursday . The company traded as high as $526.72 and last traded at $522.40, with a volume of 3418749 shares trading hands. The stock had previously closed at $522.39.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.0%

The company has a market capitalization of $45.44 billion, a PE ratio of 22.20 and a beta of 0.86. The stock has a fifty day simple moving average of $505.86 and a 200-day simple moving average of $491.40.

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 50 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at $30,000. Investment Research & Advisory Group Inc. acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $34,000. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at $34,000. Finally, Dorato Capital Management purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at $37,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.