Summit Securities Group LLC Invests $11.84 Million in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Summit Securities Group LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,828 shares of the exchange traded fund’s stock, valued at approximately $11,841,000. SPDR Dow Jones Industrial Average ETF Trust comprises approximately 2.4% of Summit Securities Group LLC’s investment portfolio, making the stock its 3rd largest holding.

A number of other hedge funds have also bought and sold shares of the company. American Capital Advisory LLC grew its position in shares of 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 worth $29,000 after acquiring an additional 26 shares in the last quarter. Crews Bank & Trust bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter valued at $53,000. NewSquare Capital LLC lifted its position in shares of 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 worth $57,000 after buying an additional 108 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at about $59,000. Finally, FSA Wealth Management LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at about $60,000. 37.11% of the stock is currently owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 1.7 %

Shares of NYSEARCA DIA opened at $415.62 on Friday. The stock has a market capitalization of $36.92 billion, a P/E ratio of 22.75 and a beta of 0.94. The firm’s 50-day moving average price is $434.29 and its two-hundred day moving average price is $431.50. SPDR Dow Jones Industrial Average ETF Trust has a 52-week low of $376.14 and a 52-week high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 17th were given a dividend of $0.1624 per share. 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.