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

Envestnet Asset Management Inc. lessened its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,079 shares of the exchange traded fund’s stock after selling 18,687 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $113,642,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American Capital Advisory LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 60.5% during the fourth quarter. American Capital Advisory LLC now owns 69 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $50,000. Crews Bank & Trust purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter worth about $53,000. NewSquare Capital LLC grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 432.0% in the 4th quarter. NewSquare Capital LLC now owns 133 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 108 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA DIA opened at $379.57 on Tuesday. The firm’s 50-day moving average is $429.82 and its two-hundred day moving average is $431.16. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $366.32 and a 12-month high of $451.55. The company has a market capitalization of $33.51 billion, a PE ratio of 23.00 and a beta of 0.91.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were issued a dividend of $0.1624 per share. The ex-dividend date was 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.