SPDR Global Dow ETF (NYSEARCA:DGT) Reaches New 12-Month High – Should You Buy?

SPDR Global Dow ETF (NYSEARCA:DGT)’s share price reached 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. The stock had previously closed at $179.52.

SPDR Global Dow ETF Trading Up 0.4%

The company has a market capitalization of $546.37 million, a PE ratio of 15.93 and a beta of 0.88. The firm’s 50-day simple moving average is $172.40 and its 200-day simple moving average is $165.65.

Institutional Investors Weigh In On SPDR Global Dow ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Members Advisory Group LLC lifted its stake in SPDR Global Dow ETF by 58.2% during the 4th quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock valued at $19,984,000 after acquiring an additional 44,113 shares during the period. Jane Street Group LLC increased its holdings in shares of SPDR Global Dow ETF by 234.5% during the 1st quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock valued at $7,680,000 after purchasing an additional 38,512 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in SPDR Global Dow ETF during the second quarter worth about $5,125,000. Fagan Associates Inc. boosted its position in shares of SPDR Global Dow ETF by 53.5% during the 2nd quarter. Fagan Associates Inc. now owns 65,167 shares of the company’s stock worth $9,817,000 after acquiring an additional 22,709 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR Global Dow ETF by 392.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 27,130 shares of the company’s stock valued at $4,523,000 after buying an additional 21,621 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.