SPDR Global Dow ETF (NYSEARCA:DGT) Reaches New 12-Month High – Still a Buy?

SPDR Global Dow ETF (NYSEARCA:DGT) shares reached a new 52-week high on Monday . The stock traded as high as $170.13 and last traded at $170.3040, with a volume of 1590 shares traded. The stock had previously closed at $169.99.

SPDR Global Dow ETF Stock Performance

The business’s 50-day moving average price is $166.11 and its 200-day moving average price is $160.39. The stock has a market cap of $516.46 million, a P/E ratio of 15.93 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in shares of SPDR Global Dow ETF by 234.5% during the 1st quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock valued at $7,680,000 after buying an additional 38,512 shares in the last quarter. Modern Wealth Management LLC raised its stake in SPDR Global Dow ETF by 2.0% during the 1st quarter. Modern Wealth Management LLC now owns 4,096 shares of the company’s stock worth $573,000 after acquiring an additional 82 shares during the period. Silver Oak Securities Incorporated lifted its holdings in SPDR Global Dow ETF by 0.7% during the second quarter. Silver Oak Securities Incorporated now owns 13,888 shares of the company’s stock valued at $2,092,000 after purchasing an additional 96 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SPDR Global Dow ETF by 2.6% in the second quarter. Janney Montgomery Scott LLC now owns 5,731 shares of the company’s stock worth $863,000 after purchasing an additional 143 shares during the period. Finally, Roundview Capital LLC increased its stake in shares of SPDR Global Dow ETF by 1.0% in the second quarter. Roundview Capital LLC now owns 20,161 shares of the company’s stock worth $3,037,000 after purchasing an additional 198 shares in the last quarter.

SPDR Global Dow ETF Company Profile

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.