SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sets New 12-Month High – Should You Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $502.16 and last traded at $501.2280, with a volume of 2790149 shares trading hands. The stock had previously closed at $501.03.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.0%

The company has a 50 day simple moving average of $487.08 and a 200-day simple moving average of $469.69. The stock has a market capitalization of $44.63 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 16th will be given a dividend of $0.1786 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, January 16th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in DIA. Focus Partners Wealth raised its stake in SPDR Dow Jones Industrial Average ETF Trust by 1,118.2% during the 3rd quarter. Focus Partners Wealth now owns 574,858 shares of the exchange traded fund’s stock worth $266,593,000 after buying an additional 527,669 shares during the period. Two Sigma Investments LP raised its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 9,051.9% during the third quarter. Two Sigma Investments LP now owns 517,080 shares of the exchange traded fund’s stock worth $239,791,000 after purchasing an additional 511,430 shares during the period. Capital Wealth Planning LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 2,830.3% in the 3rd quarter. Capital Wealth Planning LLC now owns 463,633 shares of the exchange traded fund’s stock worth $215,005,000 after purchasing an additional 447,811 shares in the last quarter. Bank of Nova Scotia acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at $104,617,000. Finally, Qube Research & Technologies Ltd acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $33,409,000. Institutional investors own 37.11% of the company’s stock.

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.