AIA Group Ltd Sells 12,355 Shares of SPDR Dow Jones Industrial Average ETF Trust $DIA

AIA Group Ltd trimmed its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 118,015 shares of the exchange traded fund’s stock after selling 12,355 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust makes up 1.0% of AIA Group Ltd’s portfolio, making the stock its 17th biggest position. AIA Group Ltd’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $54,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter worth approximately $5,101,000. Ashton Thomas Private Wealth LLC increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 47.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 5,403 shares of the exchange traded fund’s stock valued at $2,513,000 after buying an additional 1,742 shares during the period. Benjamin Edwards Inc. increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 55.5% during the third quarter. Benjamin Edwards Inc. now owns 3,629 shares of the exchange traded fund’s stock valued at $1,683,000 after buying an additional 1,295 shares during the period. Melone Private Wealth LLC raised its stake in SPDR Dow Jones Industrial Average ETF Trust by 10.0% in the third quarter. Melone Private Wealth LLC now owns 31,198 shares of the exchange traded fund’s stock worth $14,468,000 after buying an additional 2,840 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth approximately $104,617,000. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 1.7%

SPDR Dow Jones Industrial Average ETF Trust stock opened at $463.00 on Thursday. The firm has a market cap of $41.23 billion, a P/E ratio of 22.20 and a beta of 0.91. The business has a fifty day moving average of $489.02 and a two-hundred day moving average of $477.16. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $366.32 and a twelve month high of $505.30.

SPDR Dow Jones Industrial Average ETF Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 20th were paid a dividend of $0.6131 per share. This is an increase from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.18. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%.

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.