SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 12-Month High – Time to Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) shares hit a new 52-week high on Friday . The company traded as high as $517.75 and last traded at $513.48, with a volume of 2930720 shares trading hands. The stock had previously closed at $516.70.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.8%

The firm has a market capitalization of $44.43 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86. The business’s 50-day simple moving average is $489.69 and its two-hundred day simple moving average is $485.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DIA. Brighton Jones LLC grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.2% in the fourth quarter. Brighton Jones LLC now owns 12,054 shares of the exchange traded fund’s stock valued at $5,129,000 after purchasing an additional 1,116 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.0% in the fourth quarter. Bison Wealth LLC now owns 2,483 shares of the exchange traded fund’s stock valued at $1,057,000 after purchasing an additional 118 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.3% in the second quarter. Russell Investments Group Ltd. now owns 796 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 40 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 68.5% in the second quarter. First Trust Advisors LP now owns 1,650 shares of the exchange traded fund’s stock valued at $727,000 after purchasing an additional 671 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the second quarter valued at approximately $220,000. 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.