SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Stock Position Lifted by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 36.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,091 shares of the exchange traded fund’s stock after purchasing an additional 2,702 shares during the period. Kovack Advisors Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $4,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIA. Pettinga Financial Advisors LLC grew its position in SPDR Dow Jones Industrial Average ETF Trust by 23.9% during the third quarter. Pettinga Financial Advisors LLC now owns 14,446 shares of the exchange traded fund’s stock valued at $6,113,000 after purchasing an additional 2,791 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at approximately $64,000. Tyche Wealth Partners LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at approximately $211,000. Valmark Advisers Inc. lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 63.8% in the third quarter. Valmark Advisers Inc. now owns 1,260 shares of the exchange traded fund’s stock valued at $533,000 after acquiring an additional 491 shares during the last quarter. Finally, Great Diamond Partners LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at approximately $212,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.4 %

NYSEARCA DIA opened at $434.34 on Thursday. The stock has a market capitalization of $37.22 billion, a PE ratio of 24.21 and a beta of 0.95. The company has a 50 day moving average price of $436.55 and a two-hundred day moving average price of $429.32. 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 announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were paid a $0.1624 dividend. The ex-dividend date of this dividend was Friday, January 17th.

SPDR Dow Jones Industrial Average ETF Trust Company 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.