Fagan Associates Inc. Makes New $13.78 Million Investment in SPDR Global Dow ETF $DGT

Fagan Associates Inc. bought a new position in SPDR Global Dow ETF (NYSEARCA:DGT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 74,216 shares of the company’s stock, valued at approximately $13,778,000. SPDR Global Dow ETF accounts for 1.6% of Fagan Associates Inc.’s investment portfolio, making the stock its 18th biggest holding. Fagan Associates Inc. owned approximately 2.20% of SPDR Global Dow ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DGT. Ameritas Advisory Services LLC acquired a new position in shares of SPDR Global Dow ETF in the 2nd quarter valued at $59,000. Advisors Preferred LLC boosted its position in shares of SPDR Global Dow ETF by 100.0% during the 1st quarter. Advisors Preferred LLC now owns 430 shares of the company’s stock valued at $73,000 after acquiring an additional 215 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of SPDR Global Dow ETF by 7.0% during the 1st quarter. Sanctuary Advisors LLC now owns 1,595 shares of the company’s stock valued at $270,000 after acquiring an additional 105 shares in the last quarter. Fifth Third Bancorp bought a new stake in SPDR Global Dow ETF in the first quarter valued at about $272,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in SPDR Global Dow ETF in the second quarter valued at about $299,000.

SPDR Global Dow ETF Trading Up 0.2%

NYSEARCA:DGT traded up $0.38 during mid-day trading on Tuesday, hitting $187.60. The company’s stock had a trading volume of 4,813 shares, compared to its average volume of 16,048. SPDR Global Dow ETF has a fifty-two week low of $159.82 and a fifty-two week high of $193.03. The company has a market capitalization of $634.09 million, a price-to-earnings ratio of 15.93 and a beta of 0.82. The stock has a fifty day moving average of $189.85 and a 200-day moving average of $184.91.

SPDR Global Dow ETF 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.