PNC Financial Services Group Inc. Cuts Holdings in SPDR Dow Jones Industrial Average ETF Trust $DIA

PNC Financial Services Group Inc. reduced its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,760 shares of the exchange traded fund’s stock after selling 5,945 shares during the period. PNC Financial Services Group Inc. owned 0.20% of SPDR Dow Jones Industrial Average ETF Trust worth $81,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at approximately $27,000. McIlrath & Eck LLC raised its stake in SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Hollencrest Capital Management lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% during the second quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Pineridge Advisors LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter worth $32,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter worth about $32,000. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.1%

Shares of NYSEARCA DIA opened at $495.28 on Monday. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $366.32 and a 12-month high of $505.30. The firm’s 50-day moving average price is $489.23 and its 200-day moving average price is $471.51. The stock has a market capitalization of $44.10 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91.

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. Stockholders of record on Friday, January 16th will be paid a $0.1786 dividend. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 16th.

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.