Envestnet Asset Management Inc. Trims Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust $DIA

Envestnet Asset Management Inc. reduced its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 9.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 241,566 shares of the exchange traded fund’s stock after selling 25,185 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $112,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Corp bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at $5,101,000. Calamos Wealth Management LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter worth about $441,000. Stephens Inc. AR increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 63,082 shares of the exchange traded fund’s stock valued at $27,797,000 after purchasing an additional 1,881 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 55.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,629 shares of the exchange traded fund’s stock valued at $1,683,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Melone Private Wealth LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.0% during the 3rd quarter. Melone Private Wealth LLC now owns 31,198 shares of the exchange traded fund’s stock valued at $14,468,000 after buying an additional 2,840 shares in the last quarter. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

NYSEARCA:DIA opened at $501.03 on Friday. The company has a market capitalization of $44.61 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. The business has a 50 day moving average of $487.08 and a 200 day moving average of $469.56. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $366.32 and a 1-year high of $501.67.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 16th will be paid a $0.1786 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

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.