Spring Capital Management LLC Buys New Position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Spring Capital Management LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,920 shares of the exchange traded fund’s stock, valued at approximately $1,242,000. SPDR Dow Jones Industrial Average ETF Trust accounts for about 0.7% of Spring Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bull Oak Capital LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at about $33,000. Semmax Financial Advisors Inc. boosted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,880.0% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 99 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 94 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter worth approximately $60,000. GAMMA Investing LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $61,000. Finally, Truvestments Capital LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

NYSEARCA:DIA opened at $434.72 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $371.36 and a 12 month high of $451.55. The firm has a fifty day simple moving average of $435.72 and a two-hundred day simple moving average of $420.18.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 17th will be paid a $0.1624 dividend. 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.