Apollon Wealth Management LLC Raises Stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Apollon Wealth Management LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 63.2% in the 4th quarter, HoldingsChannel reports. The fund owned 120,971 shares of the exchange traded fund’s stock after buying an additional 46,837 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust accounts for approximately 1.2% of Apollon Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Apollon Wealth Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $51,473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 42,971.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,402,189 shares of the exchange traded fund’s stock valued at $1,439,534,000 after purchasing an additional 3,394,290 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at approximately $113,015,000. Strategic Financial Concepts LLC boosted its holdings in shares of 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 valued at $106,658,000 after acquiring an additional 250,078 shares during the period. USA Financial Formulas grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 7,978.6% during the fourth quarter. USA Financial Formulas now owns 189,444 shares of the exchange traded fund’s stock worth $80,608,000 after acquiring an additional 187,099 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $73,917,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.9 %

Shares of NYSEARCA:DIA opened at $443.12 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $376.14 and a 1-year high of $451.55. The firm has a fifty day moving average price of $436.79 and a 200 day moving average price of $424.93.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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