SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 1-Year High – Here’s What Happened

Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) reached a new 52-week high on Tuesday . The company traded as high as $492.04 and last traded at $489.77, with a volume of 7566920 shares. The stock had previously closed at $483.63.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

The company has a market cap of $45.12 billion, a P/E ratio of 22.20 and a beta of 0.91. The stock has a fifty day moving average price of $477.65 and a two-hundred day moving average price of $461.70.

Institutional Investors 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. Sovereign Financial Group Inc. increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 5.7% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,826 shares of the exchange traded fund’s stock valued at $1,358,000 after buying an additional 153 shares during the period. Aventura Private Wealth LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at approximately $725,000. Innova Wealth Partners increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 16.1% during the fourth quarter. Innova Wealth Partners now owns 1,017 shares of the exchange traded fund’s stock valued at $489,000 after acquiring an additional 141 shares during the period. KFA Private Wealth Group LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth approximately $325,000. Finally, Private Client Services LLC lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 8.1% in the fourth quarter. Private Client Services LLC now owns 667 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 50 shares during the period. 37.11% of the stock is currently owned by institutional investors.

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.