SPDR Global Dow ETF (NYSEARCA:DGT) Sets New 1-Year High – Here’s Why

Shares of SPDR Global Dow ETF (NYSEARCA:DGT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $193.03 and last traded at $192.9650, with a volume of 3940 shares changing hands. The stock had previously closed at $191.31.

SPDR Global Dow ETF Stock Down 0.1%

The company has a 50-day moving average price of $188.29 and a two-hundred day moving average price of $182.34. The company has a market capitalization of $631.56 million, a PE ratio of 15.93 and a beta of 0.81.

Institutional Trading of SPDR Global Dow ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in SPDR Global Dow ETF by 234.5% in the 1st quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock worth $7,680,000 after acquiring an additional 38,512 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in SPDR Global Dow ETF in the second quarter valued at approximately $5,125,000. Northwestern Mutual Wealth Management Co. lifted its position in SPDR Global Dow ETF by 392.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 27,130 shares of the company’s stock valued at $4,523,000 after purchasing an additional 21,621 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of SPDR Global Dow ETF by 49.6% in the 4th quarter. Cetera Investment Advisers now owns 59,202 shares of the company’s stock worth $9,869,000 after buying an additional 19,625 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of SPDR Global Dow ETF by 432.6% during the 3rd quarter. Citadel Advisors LLC now owns 20,677 shares of the company’s stock valued at $3,345,000 after buying an additional 16,795 shares in the last quarter.

SPDR Global Dow ETF Company Profile

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.