SPDR Global Dow ETF (NYSEARCA:DGT) Sets New 1-Year High – What’s Next?

SPDR Global Dow ETF (NYSEARCA:DGT)’s stock price reached a new 52-week high on Wednesday. The company traded as high as $193.19 and last traded at $193.1860, with a volume of 41,628 shares trading hands. The stock had previously closed at $188.98.

SPDR Global Dow ETF Price Performance

The company has a market cap of $672.34 million, a P/E ratio of 15.93 and a beta of 0.83. The company’s 50-day moving average is $189.03 and its two-hundred day moving average is $182.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new position in shares of SPDR Global Dow ETF during the first quarter valued at approximately $477,000. Members Advisory Group LLC boosted its holdings in SPDR Global Dow ETF by 4.3% in the first quarter. Members Advisory Group LLC now owns 124,976 shares of the company’s stock worth $21,191,000 after purchasing an additional 5,105 shares during the last quarter. ARQ Wealth Advisors LLC boosted its holdings in SPDR Global Dow ETF by 17.0% in the third quarter. ARQ Wealth Advisors LLC now owns 29,453 shares of the company’s stock worth $5,468,000 after purchasing an additional 4,280 shares during the last quarter. Meridian Investment Counsel Inc. purchased a new stake in SPDR Global Dow ETF in the third quarter worth approximately $1,842,000. Finally, AdvisorNet Financial Inc purchased a new stake in SPDR Global Dow ETF during the 3rd quarter valued at $1,959,000.

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.