SPDR Global Dow ETF (NYSEARCA:DGT) Reaches New 12-Month High – Here’s Why

SPDR Global Dow ETF (NYSEARCA:DGT)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $191.91 and last traded at $191.63, with a volume of 410 shares. The stock had previously closed at $191.64.

SPDR Global Dow ETF Trading Up 0.2%

The business has a 50-day moving average price of $186.08 and a two-hundred day moving average price of $180.34. The stock has a market capitalization of $629.10 million, a P/E ratio of 15.93 and a beta of 0.81.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Members Advisory Group LLC raised its holdings in shares of SPDR Global Dow ETF by 58.2% during the 4th quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock worth $19,984,000 after buying an additional 44,113 shares in the last quarter. Jane Street Group LLC boosted its stake in SPDR Global Dow ETF by 234.5% in the first quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock valued at $7,680,000 after buying an additional 38,512 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in SPDR Global Dow ETF in the second quarter valued at about $5,125,000. Northwestern Mutual Wealth Management Co. grew its position in SPDR Global Dow ETF by 392.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 27,130 shares of the company’s stock valued at $4,523,000 after acquiring an additional 21,621 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in SPDR Global Dow ETF by 49.6% during the fourth quarter. Cetera Investment Advisers now owns 59,202 shares of the company’s stock worth $9,869,000 after acquiring an additional 19,625 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.