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

SPDR Global Dow ETF (NYSEARCA:DGT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $173.93 and last traded at $173.93, with a volume of 15729 shares trading hands. The stock had previously closed at $172.46.

SPDR Global Dow ETF Price Performance

The firm has a market cap of $527.01 million, a P/E ratio of 15.93 and a beta of 0.88. The firm’s 50 day moving average is $167.74 and its 200 day moving average is $162.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new stake in SPDR Global Dow ETF in the third quarter worth $52,000. Bank of Montreal Can boosted its stake in SPDR Global Dow ETF by 186.7% in the 2nd quarter. Bank of Montreal Can now owns 430 shares of the company’s stock worth $65,000 after purchasing an additional 280 shares in the last quarter. Advisors Preferred LLC bought a new position in SPDR Global Dow ETF in the 3rd quarter worth about $65,000. CWM LLC grew its position in SPDR Global Dow ETF by 17.4% during the 4th quarter. CWM LLC now owns 762 shares of the company’s stock valued at $127,000 after purchasing an additional 113 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in SPDR Global Dow ETF by 30.1% during the 4th quarter. CoreCap Advisors LLC now owns 982 shares of the company’s stock valued at $164,000 after purchasing an additional 227 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.