SPDR Global Dow ETF (NYSEARCA:DGT) Hits New 52-Week High – Should You Buy?

Shares of SPDR Global Dow ETF (NYSEARCA:DGT) hit a new 52-week high during trading on Wednesday . The company traded as high as $180.70 and last traded at $179.8050, with a volume of 2032 shares traded. The stock had previously closed at $179.52.

SPDR Global Dow ETF Price Performance

The stock’s 50 day moving average is $172.40 and its two-hundred day moving average is $165.65. The firm has a market capitalization of $546.37 million, a P/E ratio of 15.93 and a beta of 0.88.

Institutional Trading of SPDR Global Dow ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DGT. Newbridge Financial Services Group Inc. bought a new stake in shares of SPDR Global Dow ETF during the 2nd quarter valued at about $835,000. Baltimore Washington Financial Advisors Inc. grew its stake in SPDR Global Dow ETF by 5.7% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 70,328 shares of the company’s stock valued at $10,594,000 after buying an additional 3,811 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Global Dow ETF by 11.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,161 shares of the company’s stock worth $1,380,000 after buying an additional 956 shares during the period. Thoroughbred Financial Services LLC lifted its stake in SPDR Global Dow ETF by 24.5% in the second quarter. Thoroughbred Financial Services LLC now owns 4,951 shares of the company’s stock worth $745,000 after acquiring an additional 973 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in SPDR Global Dow ETF by 16.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 20,601 shares of the company’s stock valued at $3,316,000 after acquiring an additional 2,835 shares during the period.

About SPDR Global Dow ETF

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.