SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA – Get Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $521.05 and traded as high as $534.28. SPDR Dow Jones Industrial Average ETF Trust shares last traded at $533.11, with a volume of 6,566,591 shares traded.
SPDR Dow Jones Industrial Average ETF Trust Price Performance
The firm has a market cap of $46.40 billion, a P/E ratio of 22.20 and a beta of 0.86. The stock has a 50 day moving average of $521.05 and a 200 day moving average of $506.40.
Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust
A number of hedge funds and other institutional investors have recently modified their holdings of the company. AIA Group Ltd raised its position in SPDR Dow Jones Industrial Average ETF Trust by 3,140.2% in the 1st quarter. AIA Group Ltd now owns 66,911 shares of the exchange traded fund’s stock worth $30,993,000 after purchasing an additional 64,846 shares during the period. Pinnacle Holdings LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth $13,606,000. Worth Asset Management LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the third quarter worth $6,707,000. Canandaigua National Bank & Trust Co. purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at about $3,298,000. Finally, Bessemer Group Inc. boosted its position in SPDR Dow Jones Industrial Average ETF Trust by 28.3% during the first quarter. Bessemer Group Inc. now owns 22,650 shares of the exchange traded fund’s stock valued at $10,491,000 after buying an additional 4,991 shares during the period. 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.
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