SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 1-Year High – Should You Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) reached a new 52-week high on Monday . The stock traded as high as $496.34 and last traded at $495.90, with a volume of 5617493 shares changing hands. The stock had previously closed at $495.02.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

The business has a 50-day moving average of $478.83 and a 200-day moving average of $463.28. The company has a market capitalization of $45.87 billion, a P/E ratio of 22.20 and a beta of 0.91.

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

Hedge funds have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 1.8% in the third quarter. Stonebridge Financial Group LLC now owns 1,275 shares of the exchange traded fund’s stock worth $591,000 after purchasing an additional 22 shares during the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 4.5% in the third quarter. Centennial Wealth Advisory LLC now owns 507 shares of the exchange traded fund’s stock worth $235,000 after buying an additional 22 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.4% during the 4th quarter. DAVENPORT & Co LLC now owns 5,445 shares of the exchange traded fund’s stock worth $2,617,000 after acquiring an additional 22 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1.1% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $904,000 after acquiring an additional 23 shares during the period. Finally, Abound Wealth Management boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 9.5% during the 3rd quarter. Abound Wealth Management now owns 266 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 23 shares during the period. 37.11% of the stock is currently owned by institutional investors.

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.