SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sets New 12-Month High – Here’s Why

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $524.51 and last traded at $526.0610, with a volume of 1729202 shares trading hands. The stock had previously closed at $518.52.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

The company has a 50 day moving average of $502.68 and a 200 day moving average of $490.00. The stock has a market capitalization of $45.11 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 2.5% in the fourth quarter. LPL Financial LLC now owns 1,649,992 shares of the exchange traded fund’s stock valued at $792,937,000 after acquiring an additional 40,183 shares in the last quarter. Bank of Montreal Can grew its holdings in SPDR Dow Jones Industrial Average ETF Trust by 25.7% during the 4th quarter. Bank of Montreal Can now owns 755,564 shares of the exchange traded fund’s stock worth $363,101,000 after acquiring an additional 154,462 shares in the last quarter. Focus Partners Wealth increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 3.9% in the 4th quarter. Focus Partners Wealth now owns 597,337 shares of the exchange traded fund’s stock valued at $287,037,000 after purchasing an additional 22,479 shares during the last quarter. Two Sigma Investments LP increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 9,051.9% in the 3rd quarter. Two Sigma Investments LP now owns 517,080 shares of the exchange traded fund’s stock valued at $239,791,000 after purchasing an additional 511,430 shares during the last quarter. Finally, Capital Wealth Planning LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 2,830.3% in the 3rd quarter. Capital Wealth Planning LLC now owns 463,633 shares of the exchange traded fund’s stock valued at $215,005,000 after purchasing an additional 447,811 shares in the last quarter. 37.11% of the stock is owned by institutional investors and hedge funds.

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.