Modern Wealth Management LLC Boosts Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust $DIA

Modern Wealth Management LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 254.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,782 shares of the exchange traded fund’s stock after acquiring an additional 12,763 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $8,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth $27,000. McIlrath & Eck LLC grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Hollencrest Capital Management grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in the second quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at $32,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at $32,000. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 1.0%

DIA stock opened at $475.23 on Friday. The firm has a market capitalization of $42.31 billion, a PE ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $366.32 and a twelve month high of $505.30. The stock has a 50-day simple moving average of $491.40 and a two-hundred day simple moving average of $476.19.

SPDR Dow Jones Industrial Average ETF Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 20th will be given a $0.6131 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.18. The ex-dividend date is Friday, February 20th.

About SPDR Dow Jones Industrial Average ETF Trust

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.