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 stock traded as high as $173.93 and last traded at $173.93, with a volume of 15729 shares changing hands. The stock had previously closed at $172.46.

SPDR Global Dow ETF Stock Performance

The firm has a 50 day moving average price of $168.26 and a two-hundred day moving average price of $162.24. The company has a market cap of $526.39 million, a P/E ratio of 15.93 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in SPDR Global Dow ETF by 48.1% during the fourth quarter. UBS Group AG now owns 13,646 shares of the company’s stock valued at $2,275,000 after buying an additional 4,429 shares during the last quarter. Members Advisory Group LLC raised its position in shares of SPDR Global Dow ETF by 58.2% in the 4th quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock worth $19,984,000 after purchasing an additional 44,113 shares during the last quarter. CWM LLC boosted its stake in SPDR Global Dow ETF by 17.4% in the 4th quarter. CWM LLC now owns 762 shares of the company’s stock worth $127,000 after purchasing an additional 113 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in SPDR Global Dow ETF by 13.6% in the 4th quarter. Silver Oak Securities Incorporated now owns 15,322 shares of the company’s stock worth $2,566,000 after purchasing an additional 1,838 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position 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 during 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.