SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 12-Month High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $435.62 and last traded at $435.34, with a volume of 824455 shares changing hands. The stock had previously closed at $422.30.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

The firm has a 50 day moving average price of $421.52 and a two-hundred day moving average price of $404.47.

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

A number of hedge funds and other institutional investors have recently modified their holdings of DIA. LRI Investments LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 1st quarter valued at $25,000. Beaird Harris Wealth Management LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 364.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 65 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Ridgewood Investments LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at $33,000. Finally, Bull Oak Capital LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $33,000. Institutional investors and hedge funds 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.