Mine & Arao Wealth Creation & Management LLC. Lowers Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Mine & Arao Wealth Creation & Management LLC. cut its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,993 shares of the exchange traded fund’s stock after selling 2,140 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust makes up about 10.5% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 3rd biggest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $22,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bull Oak Capital LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the third quarter worth about $33,000. Crews Bank & Trust acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter worth approximately $53,000. GAMMA Investing LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter worth approximately $61,000. FSA Wealth Management LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at $60,000. Finally, Truvestments Capital LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $62,000. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

SPDR Dow Jones Industrial Average ETF Trust stock opened at $448.82 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $376.14 and a 52 week high of $451.55. The business’s fifty day moving average is $436.67 and its two-hundred day moving average is $423.38.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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