Raymond James Financial Inc. Acquires Shares of 458,869 SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Raymond James Financial Inc. acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 458,869 shares of the exchange traded fund’s stock, valued at approximately $195,249,000.

A number of other institutional investors have also modified their holdings of DIA. The Manufacturers Life Insurance Company purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at about $113,015,000. Strategic Financial Concepts LLC raised its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 42,602.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 250,665 shares of the exchange traded fund’s stock valued at $106,658,000 after buying an additional 250,078 shares during the last quarter. USA Financial Formulas raised its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 7,978.6% during the 4th quarter. USA Financial Formulas now owns 189,444 shares of the exchange traded fund’s stock valued at $80,608,000 after buying an additional 187,099 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at about $73,917,000. Finally, Private Advisor Group LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 106.1% in the 4th quarter. Private Advisor Group LLC now owns 281,782 shares of the exchange traded fund’s stock valued at $119,900,000 after purchasing an additional 145,050 shares in the last quarter. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.6 %

Shares of SPDR Dow Jones Industrial Average ETF Trust stock opened at $428.26 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $376.14 and a twelve month high of $451.55. The business has a 50-day moving average price of $436.61 and a 200 day moving average price of $430.50. The firm has a market cap of $36.70 billion, a PE ratio of 24.21 and a beta of 0.95.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 17th were paid a $0.1624 dividend. The ex-dividend date was Friday, January 17th.

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.