SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sets New 1-Year High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price hit a new 52-week high on Thursday . The stock traded as high as $524.51 and last traded at $526.0610, with a volume of 1729202 shares traded. The stock had previously closed at $518.52.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

The company has a 50 day moving average price of $502.68 and a 200 day moving average price of $490.00. The firm has a market cap of $45.11 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rathbones Group PLC lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 18.5% during the first quarter. Rathbones Group PLC now owns 2,528 shares of the exchange traded fund’s stock worth $1,171,000 after purchasing an additional 395 shares in the last quarter. Parallel Advisors LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 73.8% during the 1st quarter. Parallel Advisors LLC now owns 1,735 shares of the exchange traded fund’s stock worth $804,000 after buying an additional 737 shares during the period. Vestor Capital LLC lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 10.1% during the 1st quarter. Vestor Capital LLC now owns 500 shares of the exchange traded fund’s stock worth $232,000 after buying an additional 46 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in SPDR Dow Jones Industrial Average ETF Trust by 4.8% in the 1st quarter. SOA Wealth Advisors LLC. now owns 637 shares of the exchange traded fund’s stock valued at $295,000 after buying an additional 29 shares during the period. Finally, Strategic Investment Advisors MI acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the first quarter worth $142,000. 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.