SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 1-Year High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) shares reached a new 52-week high during trading on Thursday . The company traded as high as $526.72 and last traded at $522.40, with a volume of 3418749 shares. The stock had previously closed at $522.39.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.0%

The firm has a market capitalization of $45.44 billion, a PE ratio of 22.20 and a beta of 0.86. The company has a fifty day moving average price of $505.86 and a two-hundred day moving average price of $491.40.

Institutional Investors Weigh In On SPDR Dow Jones Industrial Average ETF Trust

Several large investors have recently modified their holdings of DIA. McIlrath & Eck LLC grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $30,000. Investment Research & Advisory Group Inc. purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $34,000. IFC & Insurance Marketing Inc. purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $34,000. Finally, Dorato Capital Management acquired a new position in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at $37,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

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.