SPDR Dow Jones Industrial Average ETF Trust $DIA Shares Sold by Arax Advisory Partners

Arax Advisory Partners reduced its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 45.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,954 shares of the exchange traded fund’s stock after selling 3,272 shares during the quarter. Arax Advisory Partners’ holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $1,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at approximately $30,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth approximately $34,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth approximately $34,000. Finally, Dorato Capital Management purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at approximately $37,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

DIA opened at $518.44 on Tuesday. The stock has a market capitalization of $44.94 billion, a PE ratio of 22.20 and a beta of 0.86. SPDR Dow Jones Industrial Average ETF Trust has a one year low of $419.62 and a one year high of $520.84. The business’s 50 day moving average price is $496.66 and its 200 day moving average price is $487.97.

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.