SPDR Global Dow ETF (NYSEARCA:DGT) Hits New 12-Month High – Still a Buy?

SPDR Global Dow ETF (NYSEARCA:DGT) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $185.09 and last traded at $184.84, with a volume of 13584 shares trading hands. The stock had previously closed at $184.26.

SPDR Global Dow ETF Trading Up 0.5%

The business’s 50 day moving average price is $174.90 and its 200-day moving average price is $171.58. The company has a market cap of $601.54 million, a price-to-earnings ratio of 15.93 and a beta of 0.81.

Institutional Trading of SPDR Global Dow ETF

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its stake in SPDR Global Dow ETF by 7.6% in the 4th quarter. LPL Financial LLC now owns 231,978 shares of the company’s stock worth $38,671,000 after purchasing an additional 16,365 shares in the last quarter. Members Advisory Group LLC raised its stake in SPDR Global Dow ETF by 4.3% in the 1st quarter. Members Advisory Group LLC now owns 124,976 shares of the company’s stock worth $21,191,000 after purchasing an additional 5,105 shares in the last quarter. Fagan Associates Inc. raised its stake in SPDR Global Dow ETF by 3.3% in the 4th quarter. Fagan Associates Inc. now owns 75,266 shares of the company’s stock worth $12,547,000 after purchasing an additional 2,426 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in SPDR Global Dow ETF by 6.0% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 74,515 shares of the company’s stock worth $12,053,000 after purchasing an additional 4,187 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in SPDR Global Dow ETF by 19.7% in the 1st quarter. Cetera Investment Advisers now owns 70,882 shares of the company’s stock worth $12,018,000 after purchasing an additional 11,680 shares in the last quarter.

SPDR Global Dow ETF Company Profile

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.