Bridgewater Advisors Inc. Lowers Stake in SPDR Dow Jones Industrial Average ETF Trust $DIA

Bridgewater Advisors Inc. lessened its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 39.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,170 shares of the exchange traded fund’s stock after selling 25,811 shares during the period. SPDR Dow Jones Industrial Average ETF Trust accounts for about 1.3% of Bridgewater Advisors Inc.’s portfolio, making the stock its 19th largest position. Bridgewater Advisors Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $18,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIA. Stonebridge Financial Group LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1.8% during the third quarter. Stonebridge Financial Group LLC now owns 1,275 shares of the exchange traded fund’s stock worth $591,000 after acquiring an additional 22 shares during the period. Centennial Wealth Advisory LLC increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 4.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 507 shares of the exchange traded fund’s stock worth $235,000 after purchasing an additional 22 shares during the period. Daymark Wealth Partners LLC raised its position in SPDR Dow Jones Industrial Average ETF Trust by 1.1% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 23 shares in the last quarter. Abound Wealth Management raised its position in SPDR Dow Jones Industrial Average ETF Trust by 9.5% during the 3rd quarter. Abound Wealth Management now owns 266 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 23 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.6% in the 3rd quarter. Valmark Advisers Inc. now owns 3,679 shares of the exchange traded fund’s stock worth $1,706,000 after buying an additional 23 shares during the period. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.5%

Shares of SPDR Dow Jones Industrial Average ETF Trust stock opened at $494.38 on Friday. The stock’s fifty day moving average price is $490.40 and its 200-day moving average price is $472.64. The firm has a market cap of $44.02 billion, a P/E ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $366.32 and a 12 month high of $505.30.

SPDR Dow Jones Industrial Average ETF Trust Increases Dividend

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

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.