SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 1-Year High – Should You Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $451.73 and last traded at $450.72, with a volume of 323779 shares changing hands. The stock had previously closed at $449.16.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

The company’s 50-day moving average is $439.39 and its 200-day moving average is $426.66. The firm has a market cap of $38.59 billion, a price-to-earnings ratio of 22.20 and a beta of 0.94.

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

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 95.8% in the 1st quarter. GAMMA Investing LLC now owns 280 shares of the exchange traded fund’s stock valued at $118,000 after buying an additional 137 shares during the period. Bessemer Group Inc. boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,314 shares of the exchange traded fund’s stock valued at $552,000 after acquiring an additional 70 shares during the last quarter. First Trust Advisors LP acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter worth about $399,000. CX Institutional bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 1st quarter worth about $72,000. Finally, Hurlow Wealth Management Group Inc. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 1st quarter worth about $238,000. 37.11% of the stock is currently owned by institutional investors and hedge funds.

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.