SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 52-Week High – Should You Buy?

Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $539.08 and last traded at $537.1620, with a volume of 956686 shares changing hands. The stock had previously closed at $531.22.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 1.5%

The firm has a market cap of $47.05 billion, a P/E ratio of 22.20 and a beta of 0.86. The firm’s 50-day simple moving average is $518.37 and its 200 day simple moving average is $497.45.

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

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its stake in SPDR Dow Jones Industrial Average ETF Trust by 10.2% in the fourth quarter. Brighton Jones LLC now owns 12,054 shares of the exchange traded fund’s stock worth $5,129,000 after buying an additional 1,116 shares in the last quarter. Bison Wealth LLC lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 5.0% in the 4th quarter. Bison Wealth LLC now owns 2,483 shares of the exchange traded fund’s stock valued at $1,057,000 after acquiring an additional 118 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.3% during the second quarter. Russell Investments Group Ltd. now owns 796 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 40 shares in the last quarter. First Trust Advisors LP lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 68.5% during the 2nd quarter. First Trust Advisors LP now owns 1,650 shares of the exchange traded fund’s stock valued at $727,000 after acquiring an additional 671 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $220,000. 37.11% of the stock is currently owned by 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.