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

SPDR Global Dow ETF (NYSEARCA:DGT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $189.74 and last traded at $189.74, with a volume of 1960 shares. The stock had previously closed at $188.31.

SPDR Global Dow ETF Trading Up 1.0%

The stock has a fifty day simple moving average of $185.64 and a two-hundred day simple moving average of $179.47. The company has a market cap of $623.92 million, a PE ratio of 15.93 and a beta of 0.81.

Institutional Trading of SPDR Global Dow ETF

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in shares of SPDR Global Dow ETF in the first quarter valued at approximately $477,000. Arkadios Wealth Advisors raised its position in SPDR Global Dow ETF by 25.7% in the first quarter. Arkadios Wealth Advisors now owns 4,370 shares of the company’s stock worth $741,000 after acquiring an additional 893 shares in the last quarter. Royal Bank of Canada lifted its holdings in SPDR Global Dow ETF by 25.3% in the first quarter. Royal Bank of Canada now owns 4,454 shares of the company’s stock valued at $755,000 after acquiring an additional 898 shares during the period. Compound Planning Inc. lifted its holdings in SPDR Global Dow ETF by 7.7% in the first quarter. Compound Planning Inc. now owns 6,910 shares of the company’s stock valued at $1,172,000 after acquiring an additional 495 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in SPDR Global Dow ETF by 19.7% in the first quarter. Cetera Investment Advisers now owns 70,882 shares of the company’s stock valued at $12,018,000 after acquiring an additional 11,680 shares during the period.

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.