SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sets New 12-Month High – Should You Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) shares hit a new 52-week high on Monday . The company traded as high as $520.11 and last traded at $519.2420, with a volume of 846027 shares traded. The stock had previously closed at $513.06.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 1.4%

The firm has a market capitalization of $45.08 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86. The stock’s fifty day moving average is $495.59 and its two-hundred day moving average is $487.64.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Milestones Private Investment Advisors LLC increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 1.3% in the fourth quarter. Milestones Private Investment Advisors LLC now owns 1,613 shares of the exchange traded fund’s stock valued at $775,000 after purchasing an additional 21 shares during the last quarter. Guidance Point Advisors LLC increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 1.7% in the fourth quarter. Guidance Point Advisors LLC now owns 1,278 shares of the exchange traded fund’s stock valued at $616,000 after purchasing an additional 21 shares during the last quarter. First Manhattan CO. LLC. increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 2.6% in the fourth quarter. First Manhattan CO. LLC. now owns 821 shares of the exchange traded fund’s stock valued at $395,000 after purchasing an additional 21 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.4% in the fourth quarter. DAVENPORT & Co LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $2,617,000 after purchasing an additional 22 shares during the last quarter. Finally, Global Assets Advisory LLC increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 2.0% in the fourth quarter. Global Assets Advisory LLC now owns 1,143 shares of the exchange traded fund’s stock valued at $549,000 after purchasing an additional 22 shares during the last quarter. 37.11% of the stock is currently owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

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.