Independent Advisor Alliance Purchases Shares of 50,774 SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Independent Advisor Alliance purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 50,774 shares of the exchange traded fund’s stock, valued at approximately $21,605,000.

Other institutional investors have also modified their holdings of the company. American Capital Advisory LLC lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 60.5% during the 4th quarter. American Capital Advisory LLC now owns 69 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $53,000. NewSquare Capital LLC lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 432.0% during the 4th quarter. NewSquare Capital LLC now owns 133 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 108 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $59,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter worth $60,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.6 %

SPDR Dow Jones Industrial Average ETF Trust stock opened at $428.26 on Monday. The stock has a market cap of $36.70 billion, a P/E ratio of 24.21 and a beta of 0.95. The company has a fifty day simple moving average of $436.61 and a 200-day simple moving average of $430.81. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $376.14 and a 12-month high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

SPDR Dow Jones Industrial Average ETF Trust 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.