SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sets New 12-Month High – Should You Buy?

Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) hit a new 52-week high during trading on Monday . The company traded as high as $520.11 and last traded at $519.2420, with a volume of 846027 shares traded. The stock had previously closed at $513.06.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

The firm has a market cap of $45.08 billion, a P/E ratio of 22.20 and a beta of 0.86. The stock’s 50-day moving average price is $495.59 and its 200 day moving average price is $487.64.

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

A number of institutional investors have recently added to or reduced their stakes in DIA. Focus Partners Wealth increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1,118.2% during the third quarter. Focus Partners Wealth now owns 574,858 shares of the exchange traded fund’s stock worth $266,593,000 after buying an additional 527,669 shares during the last quarter. Two Sigma Investments LP increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 9,051.9% during the third quarter. Two Sigma Investments LP now owns 517,080 shares of the exchange traded fund’s stock worth $239,791,000 after buying an additional 511,430 shares during the last quarter. Capital Wealth Planning LLC increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 2,830.3% during the third quarter. Capital Wealth Planning LLC now owns 463,633 shares of the exchange traded fund’s stock worth $215,005,000 after buying an additional 447,811 shares during the last quarter. Align Financial LLC acquired a new position in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth $100,450,000. Finally, Bank of Montreal Can increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 25.7% during the fourth quarter. Bank of Montreal Can now owns 755,564 shares of the exchange traded fund’s stock worth $363,101,000 after buying an additional 154,462 shares during the last quarter. 37.11% of the stock is currently 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.