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

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $496.41 and last traded at $494.2870, with a volume of 936314 shares traded. The stock had previously closed at $494.03.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

The company has a market capitalization of $44.06 billion, a PE ratio of 22.20 and a beta of 0.91. The company’s 50-day moving average is $485.48 and its 200 day moving average is $468.32.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 16th will be paid a $0.1786 dividend. The ex-dividend date is Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at $27,000. McIlrath & Eck LLC lifted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 50 shares during the period. Hollencrest Capital Management boosted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in the second quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 60 shares during the last quarter. Pineridge Advisors LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth approximately $32,000. Finally, Cornerstone Planning Group LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the third quarter valued at approximately $32,000. 37.11% of the stock is currently owned by hedge funds and other institutional investors.

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.