PCG Asset Management LLC Invests $277,000 in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

PCG Asset Management LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 651 shares of the exchange traded fund’s stock, valued at approximately $277,000.

Other hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 537,885 shares of the exchange traded fund’s stock valued at $228,870,000 after buying an additional 4,029 shares during the period. SG Americas Securities LLC lifted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 76.1% during the 4th quarter. SG Americas Securities LLC now owns 309,911 shares of the exchange traded fund’s stock worth $131,867,000 after acquiring an additional 133,961 shares during the last quarter. Private Advisor Group LLC boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 106.1% during 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 acquiring an additional 145,050 shares during the period. The Manufacturers Life Insurance Company bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $113,015,000. Finally, Strategic Financial Concepts LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 42,602.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 250,665 shares of the exchange traded fund’s stock worth $106,658,000 after purchasing an additional 250,078 shares during the period. 37.11% of the stock is currently owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 1.4 %

NYSEARCA:DIA opened at $438.37 on Friday. The stock has a fifty day simple moving average of $436.90 and a 200-day simple moving average of $429.87. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $376.14 and a twelve month high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were given a $0.1624 dividend. 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.