SPDR Dow Jones Industrial Average ETF (DIA) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC lessened its stake in SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) by 99.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 865 shares of the exchange traded fund’s stock after selling 114,718 shares during the period. Cadinha & Co. LLC’s holdings in SPDR Dow Jones Industrial Average ETF were worth $209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC lifted its holdings in SPDR Dow Jones Industrial Average ETF by 17.8% in the 4th quarter. Mizuho Securities USA LLC now owns 1,963,470 shares of the exchange traded fund’s stock valued at $484,940,000 after acquiring an additional 296,538 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in SPDR Dow Jones Industrial Average ETF by 0.8% in the 4th quarter. Jones Financial Companies Lllp now owns 686,749 shares of the exchange traded fund’s stock valued at $169,888,000 after acquiring an additional 5,123 shares during the last quarter. Berkshire Money Management Inc. lifted its holdings in SPDR Dow Jones Industrial Average ETF by 23.5% in the 1st quarter. Berkshire Money Management Inc. now owns 257,688 shares of the exchange traded fund’s stock valued at $62,206,000 after acquiring an additional 49,023 shares during the last quarter. Timber Hill LLC lifted its stake in SPDR Dow Jones Industrial Average ETF by 192.1% during the first quarter. Timber Hill LLC now owns 254,844 shares of the exchange traded fund’s stock valued at $61,519,000 after buying an additional 167,613 shares in the last quarter. Finally, Aviance Capital Management LLC lifted its stake in SPDR Dow Jones Industrial Average ETF by 1.9% during the fourth quarter. Aviance Capital Management LLC now owns 243,771 shares of the exchange traded fund’s stock valued at $60,304,000 after buying an additional 4,651 shares in the last quarter.

DIA stock traded down $0.19 during mid-day trading on Thursday, reaching $251.99. 4,831,564 shares of the stock traded hands, compared to its average volume of 5,597,021. SPDR Dow Jones Industrial Average ETF has a 52-week low of $211.70 and a 52-week high of $265.93.

The company also recently disclosed a monthly dividend, which was paid on Monday, June 11th. Shareholders of record on Monday, May 21st were paid a dividend of $0.6973 per share. The ex-dividend date was Friday, May 18th. This is a positive change from SPDR Dow Jones Industrial Average ETF’s previous monthly dividend of $0.13. This represents a $8.37 dividend on an annualized basis and a yield of 3.32%.

SPDR Dow Jones Industrial Average ETF 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.

Institutional Ownership by Quarter for SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)

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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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