SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 12-Month High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $524.51 and last traded at $526.0610, with a volume of 1729202 shares changing hands. The stock had previously closed at $518.52.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.3%

The firm has a 50-day simple moving average of $504.01 and a two-hundred day simple moving average of $490.47. The company has a market capitalization of $44.88 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86.

Institutional Trading of SPDR Dow Jones Industrial Average ETF Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 10.2% in the fourth quarter. Brighton Jones LLC now owns 12,054 shares of the exchange traded fund’s stock valued at $5,129,000 after buying an additional 1,116 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.0% during the 4th quarter. Bison Wealth LLC now owns 2,483 shares of the exchange traded fund’s stock worth $1,057,000 after acquiring an additional 118 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 796 shares of the exchange traded fund’s stock valued at $351,000 after acquiring an additional 40 shares during the period. First Trust Advisors LP increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 68.5% in the 2nd quarter. First Trust Advisors LP now owns 1,650 shares of the exchange traded fund’s stock valued at $727,000 after purchasing an additional 671 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at about $220,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

About SPDR Dow Jones Industrial Average ETF Trust

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.