SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 52-Week High – Should You Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $539.08 and last traded at $537.1620, with a volume of 956686 shares. The stock had previously closed at $531.22.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 1.5%

The stock has a market capitalization of $47.05 billion, a PE ratio of 22.20 and a beta of 0.86. The stock’s 50 day moving average price is $518.37 and its 200-day moving average price is $497.45.

Institutional Trading of SPDR Dow Jones Industrial Average ETF Trust

Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.2% in the 4th quarter. Brighton Jones LLC now owns 12,054 shares of the exchange traded fund’s stock valued at $5,129,000 after acquiring an additional 1,116 shares during the last quarter. Bison Wealth LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 5.0% during the fourth 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 during the last quarter. Russell Investments Group Ltd. increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 5.3% during the second quarter. Russell Investments Group Ltd. now owns 796 shares of the exchange traded fund’s stock worth $351,000 after acquiring an additional 40 shares during the last quarter. First Trust Advisors LP raised its position in SPDR Dow Jones Industrial Average ETF Trust by 68.5% during the second 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 during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $220,000. 37.11% of the stock is currently 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.