Meridian Wealth Management LLC Cuts Stock Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Meridian Wealth Management LLC lessened its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 31.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,521 shares of the exchange traded fund’s stock after selling 6,781 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $6,734,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. First Horizon Corp purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at $5,101,000. Calamos Wealth Management LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth $441,000. Stephens Inc. AR boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 3.1% in the second quarter. Stephens Inc. AR now owns 63,082 shares of the exchange traded fund’s stock valued at $27,797,000 after acquiring an additional 1,881 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of 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 acquiring an additional 1,295 shares in the last quarter. Finally, Melone Private Wealth LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.0% in 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 acquiring an additional 2,840 shares during the period. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.2%

Shares of NYSEARCA DIA opened at $489.03 on Friday. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. The company has a 50 day simple moving average of $484.89 and a two-hundred day simple moving average of $467.80. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $366.32 and a 12 month high of $496.34.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

SPDR Dow Jones Industrial Average ETF Trust Company 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.