SPDR Global Dow ETF (NYSEARCA:DGT) Sets New 1-Year High – Still a Buy?

Shares of SPDR Global Dow ETF (NYSEARCA:DGT) hit a new 52-week high on Wednesday . The stock traded as high as $183.88 and last traded at $183.88, with a volume of 2190 shares traded. The stock had previously closed at $178.37.

SPDR Global Dow ETF Stock Performance

The firm has a market capitalization of $598.29 million, a PE ratio of 15.93 and a beta of 0.81. The company has a fifty day simple moving average of $174.37 and a two-hundred day simple moving average of $170.73.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several hedge funds have recently made changes to their positions in DGT. Ameritas Advisory Services LLC bought a new position in shares of SPDR Global Dow ETF in the 3rd quarter worth $52,000. Advisors Preferred LLC bought a new position in shares of SPDR Global Dow ETF in the 3rd quarter worth $65,000. Garton & Associates Financial Advisors LLC bought a new position in shares of SPDR Global Dow ETF in the 4th quarter worth $102,000. CWM LLC raised its position in shares of 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 acquiring an additional 113 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of SPDR Global Dow ETF by 30.1% in the 4th quarter. CoreCap Advisors LLC now owns 982 shares of the company’s stock worth $164,000 after acquiring an additional 227 shares in the last quarter.

About SPDR Global Dow ETF

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.