Equitable Trust Co. Invests $2.40 Million in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Equitable Trust Co. purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,646 shares of the exchange traded fund’s stock, valued at approximately $2,402,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DIA. American Capital Advisory LLC grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 60.5% in the 4th quarter. American Capital Advisory LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at about $33,000. Crews Bank & Trust acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at about $53,000. FSA Wealth Management LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at about $60,000. Finally, GAMMA Investing LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at about $61,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA DIA opened at $444.78 on Tuesday. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $376.14 and a 52 week high of $451.55. The company’s 50-day moving average price is $436.65 and its 200 day moving average price is $425.54.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.1624 per share. The ex-dividend date 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.