SPDR Global Dow ETF (NYSEARCA:DGT) Reaches New 1-Year High – Time to Buy?

SPDR Global Dow ETF (NYSEARCA:DGT) hit a new 52-week high on Monday . The company traded as high as $189.73 and last traded at $188.93, with a volume of 2178 shares changing hands. The stock had previously closed at $186.31.

SPDR Global Dow ETF Stock Performance

The company has a market capitalization of $610.97 million, a price-to-earnings ratio of 15.93 and a beta of 0.81. The stock’s fifty day simple moving average is $182.40 and its two-hundred day simple moving average is $175.26.

Institutional Investors Weigh In On SPDR Global Dow ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in SPDR Global Dow ETF by 7.6% in the 4th quarter. LPL Financial LLC now owns 231,978 shares of the company’s stock valued at $38,671,000 after acquiring an additional 16,365 shares during the last quarter. Members Advisory Group LLC lifted its holdings in SPDR Global Dow ETF by 4.3% in the 1st quarter. Members Advisory Group LLC now owns 124,976 shares of the company’s stock valued at $21,191,000 after acquiring an additional 5,105 shares during the last quarter. Fagan Associates Inc. lifted its holdings in SPDR Global Dow ETF by 3.3% in the 4th quarter. Fagan Associates Inc. now owns 75,266 shares of the company’s stock valued at $12,547,000 after acquiring an additional 2,426 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in SPDR Global Dow ETF by 6.0% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 74,515 shares of the company’s stock valued at $12,053,000 after acquiring an additional 4,187 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in SPDR Global Dow ETF by 19.7% during the first quarter. Cetera Investment Advisers now owns 70,882 shares of the company’s stock valued at $12,018,000 after buying an additional 11,680 shares in the last quarter.

About SPDR Global Dow ETF

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.