SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 1-Year High – Here’s What Happened

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $532.54 and last traded at $528.45, with a volume of 4476963 shares trading hands. The stock had previously closed at $530.09.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

The business’s 50 day moving average is $509.99 and its 200 day moving average is $493.29. The stock has a market cap of $44.52 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 modified their holdings of the business. Allied Private Wealth LLC acquired a new position in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR Dow Jones Industrial Average ETF Trust by 7.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,654 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 116 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at about $3,298,000. Arlington Trust Co LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at about $84,000. Finally, Kozak & Associates Inc. increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 25.6% in the 2nd quarter. Kozak & Associates Inc. now owns 21,352 shares of the exchange traded fund’s stock valued at $11,154,000 after purchasing an additional 4,350 shares during the period. Hedge funds and other institutional investors own 37.11% of the company’s stock.

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.