SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 1-Year High – Still a Buy?

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $426.78 and last traded at $426.39, with a volume of 863609 shares changing hands. The stock had previously closed at $424.66.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.8 %

The company has a fifty day simple moving average of $411.43 and a two-hundred day simple moving average of $398.63.

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

Large investors have recently bought and sold shares of the business. Banco Santander S.A. raised its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 224.6% during the 1st quarter. Banco Santander S.A. now owns 1,954 shares of the exchange traded fund’s stock valued at $777,000 after acquiring an additional 1,352 shares during the last quarter. GenWealth Group Inc. lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 6.1% in the first quarter. GenWealth Group Inc. now owns 44,760 shares of the exchange traded fund’s stock valued at $17,804,000 after buying an additional 2,566 shares during the period. Objective Capital Management LLC boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 2.2% during the fourth quarter. Objective Capital Management LLC now owns 6,744 shares of the exchange traded fund’s stock worth $2,542,000 after buying an additional 148 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 2.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 5,565 shares of the exchange traded fund’s stock worth $2,214,000 after buying an additional 152 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 9.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 2,867 shares of the exchange traded fund’s stock valued at $1,141,000 after acquiring an additional 238 shares during the last quarter. 37.11% of the stock is currently owned by institutional investors and hedge funds.

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.