BTS Asset Management Inc. Lowers Stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

BTS Asset Management Inc. trimmed its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,922 shares of the exchange traded fund’s stock after selling 240 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust accounts for about 1.2% of BTS Asset Management Inc.’s holdings, making the stock its 4th largest position. BTS Asset Management Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $1,243,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 42,971.1% in the third quarter. International Assets Investment Management LLC now owns 3,402,189 shares of the exchange traded fund’s stock worth $1,439,534,000 after purchasing an additional 3,394,290 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its position in SPDR Dow Jones Industrial Average ETF Trust by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 537,885 shares of the exchange traded fund’s stock worth $228,870,000 after purchasing an additional 4,029 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 291,556 shares of the exchange traded fund’s stock worth $114,040,000 after buying an additional 5,134 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $113,015,000. Finally, Arkansas Financial Group Inc. raised its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1.0% during the third quarter. Arkansas Financial Group Inc. now owns 235,814 shares of the exchange traded fund’s stock worth $99,778,000 after acquiring an additional 2,411 shares during the last quarter. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

SPDR Dow Jones Industrial Average ETF Trust stock opened at $434.72 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $371.36 and a 1 year high of $451.55. The company’s 50-day moving average is $435.72 and its two-hundred day moving average is $420.18.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Investors 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.

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.