SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 52-Week High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) reached a new 52-week high during trading on Monday . The company traded as high as $446.54 and last traded at $446.54, with a volume of 24071 shares changing hands. The stock had previously closed at $443.16.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

The business’s fifty day moving average is $428.25 and its two-hundred day moving average is $409.29.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 42,971.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,402,189 shares of the exchange traded fund’s stock valued at $1,439,534,000 after acquiring an additional 3,394,290 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,083.1% in the 2nd quarter. SG Americas Securities LLC now owns 525,274 shares of the exchange traded fund’s stock valued at $205,450,000 after purchasing an additional 578,707 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 291,556 shares of the exchange traded fund’s stock worth $114,040,000 after purchasing an additional 5,134 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at approximately $113,015,000. Finally, Commonwealth Equity Services LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 249,548 shares of the exchange traded fund’s stock valued at $97,606,000 after buying an additional 1,950 shares during the period. 37.11% of the stock is owned by hedge funds and other institutional investors.

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.