Sowell Financial Services LLC Acquires 3,740 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Sowell Financial Services LLC grew its holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,902 shares of the exchange traded fund’s stock after acquiring an additional 3,740 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $7,617,000 at the end of the most recent quarter.

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

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.6 %

DIA opened at $428.26 on Friday. The business’s fifty day simple moving average is $436.61 and its 200-day simple moving average is $430.66. The company has a market capitalization of $36.70 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95. 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 firm also recently disclosed 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 of this dividend 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.