Modern Wealth Management LLC Has $569,000 Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Modern Wealth Management LLC raised its stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,280 shares of the exchange traded fund’s stock after buying an additional 360 shares during the period. Modern Wealth Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $569,000 as of its most recent SEC filing.

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

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.4 %

DIA stock opened at $424.23 on Thursday. The firm has a 50 day moving average of $434.84 and a two-hundred day moving average of $431.35. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $376.14 and a 12 month high of $451.55. The company has a market capitalization of $37.69 billion, a price-to-earnings ratio of 22.75 and a beta of 0.94.

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 issued 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.