USA Financial Formulas Acquires New Stake in SPDR Dow Jones Industrial Average ETF Trust $DIA

USA Financial Formulas acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,284 shares of the exchange traded fund’s stock, valued at approximately $653,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 4.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,104 shares of the exchange traded fund’s stock valued at $9,715,000 after purchasing an additional 790 shares during the period. Canandaigua National Bank & Trust Co. grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 0.4% in the third quarter. Canandaigua National Bank & Trust Co. now owns 6,337 shares of the exchange traded fund’s stock worth $3,223,000 after purchasing an additional 24 shares during the period. Worth Asset Management LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the third quarter worth $6,707,000. Ferguson Wellman Capital Management Inc. grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 1.8% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,189 shares of the exchange traded fund’s stock worth $605,000 after purchasing an additional 21 shares during the period. Finally, CX Institutional raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 21.9% in the third quarter. CX Institutional now owns 658 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.4%

DIA opened at $519.10 on Friday. The company has a market cap of $45.23 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86. The stock has a fifty day simple moving average of $524.09 and a two-hundred day simple moving average of $512.68. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $450.44 and a 12-month high of $546.75.

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.