SPDR Global Dow ETF (NYSEARCA:DGT) Reaches New 12-Month High – Still a Buy?

Shares of SPDR Global Dow ETF (NYSEARCA:DGT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $189.74 and last traded at $189.74, with a volume of 1960 shares changing hands. The stock had previously closed at $188.31.

SPDR Global Dow ETF Stock Performance

The business has a 50-day simple moving average of $185.64 and a two-hundred day simple moving average of $179.47. The company has a market capitalization of $623.92 million, a price-to-earnings ratio of 15.93 and a beta of 0.81.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in SPDR Global Dow ETF by 234.5% in the 1st 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 during the last quarter. CW Advisors LLC purchased a new position in SPDR Global Dow ETF during the 2nd quarter worth $220,000. Raymond James Financial Inc. lifted its stake in shares of SPDR Global Dow ETF by 20.6% in the 2nd quarter. Raymond James Financial Inc. now owns 11,843 shares of the company’s stock worth $1,784,000 after acquiring an additional 2,019 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of SPDR Global Dow ETF in the 2nd quarter worth $5,125,000. Finally, Bank of America Corp DE boosted its holdings in shares of SPDR Global Dow ETF by 85.4% in the second quarter. Bank of America Corp DE now owns 32,294 shares of the company’s stock valued at $4,865,000 after acquiring an additional 14,871 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.