SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Hits New 1-Year High – Here’s Why

Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $539.08 and last traded at $537.1620, with a volume of 956686 shares. The stock had previously closed at $531.22.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.4%

The stock has a fifty day simple moving average of $519.79 and a 200 day simple moving average of $498.14. The firm has a market capitalization of $46.73 billion, a P/E ratio of 22.20 and a beta of 0.86.

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

A number of institutional investors have recently added to or reduced their stakes in DIA. Allied Private Wealth LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth $26,000. McIlrath & Eck LLC increased its holdings in 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 valued at $27,000 after acquiring an additional 50 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at $30,000. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter worth $34,000. Finally, Elevated Capital Advisors LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter worth $38,000. 37.11% of the stock is 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.