SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 1-Year High – Here’s What Happened

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) hit a new 52-week high on Wednesday . The stock traded as high as $532.54 and last traded at $528.45, with a volume of 4476963 shares. The stock had previously closed at $530.09.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

The stock has a market cap of $44.89 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86. The company’s fifty day moving average price is $508.72 and its 200-day moving average price is $492.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Focus Partners Wealth lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1,118.2% in the third quarter. Focus Partners Wealth now owns 574,858 shares of the exchange traded fund’s stock valued at $266,593,000 after acquiring an additional 527,669 shares during the period. Two Sigma Investments LP grew its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 9,051.9% during the 3rd quarter. Two Sigma Investments LP now owns 517,080 shares of the exchange traded fund’s stock worth $239,791,000 after purchasing an additional 511,430 shares during the period. Capital Wealth Planning LLC grew its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 2,830.3% during the 3rd quarter. Capital Wealth Planning LLC now owns 463,633 shares of the exchange traded fund’s stock worth $215,005,000 after purchasing an additional 447,811 shares during the period. Align Financial LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at approximately $100,450,000. Finally, Bank of Montreal Can increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 25.7% during the 4th quarter. Bank of Montreal Can now owns 755,564 shares of the exchange traded fund’s stock valued at $363,101,000 after purchasing an additional 154,462 shares in the last quarter. Hedge funds and other institutional investors own 37.11% of the company’s stock.

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.