Sequoia Financial Advisors LLC Decreases Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Sequoia Financial Advisors LLC cut its stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,600 shares of the exchange traded fund’s stock after selling 86 shares during the period. Sequoia Financial Advisors LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $1,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. American Capital Advisory LLC lifted 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 buying an additional 26 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at approximately $53,000. NewSquare Capital LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 432.0% during the fourth quarter. NewSquare Capital LLC now owns 133 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 108 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at $59,000. Finally, FSA Wealth Management LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $60,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 1.6 %

Shares of DIA opened at $415.36 on Friday. The firm’s fifty day moving average is $435.50 and its two-hundred day moving average is $430.79. The stock has a market cap of $36.90 billion, a PE ratio of 22.75 and a beta of 0.94. 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 firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were issued a $0.1624 dividend. The ex-dividend date 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.