SPDR Global Dow ETF (NYSEARCA:DGT) Sets New 52-Week High – Time to Buy?

SPDR Global Dow ETF (NYSEARCA:DGT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $175.16 and last traded at $174.85, with a volume of 22715 shares. The stock had previously closed at $173.46.

SPDR Global Dow ETF Price Performance

The company’s fifty day moving average price is $168.73 and its 200 day moving average price is $162.73. The company has a market cap of $529.80 million, a PE ratio of 15.93 and a beta of 0.88.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DGT. Jane Street Group LLC lifted its position in shares of SPDR Global Dow ETF by 234.5% during the 1st quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock worth $7,680,000 after buying an additional 38,512 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of SPDR Global Dow ETF by 2.6% during the second quarter. Janney Montgomery Scott LLC now owns 5,731 shares of the company’s stock valued at $863,000 after acquiring an additional 143 shares during the last quarter. Roundview Capital LLC lifted its holdings in SPDR Global Dow ETF by 1.0% during the second quarter. Roundview Capital LLC now owns 20,161 shares of the company’s stock worth $3,037,000 after acquiring an additional 198 shares during the period. Systelligence LLC lifted its holdings in SPDR Global Dow ETF by 10.0% during the second quarter. Systelligence LLC now owns 176,629 shares of the company’s stock worth $26,607,000 after acquiring an additional 16,111 shares during the period. Finally, Onyx Bridge Wealth Group LLC purchased a new position in SPDR Global Dow ETF in the second quarter worth $3,774,000.

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.