Royal Fund Management LLC Cuts Holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Royal Fund Management LLC trimmed its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 30.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,629 shares of the exchange traded fund’s stock after selling 9,572 shares during the period. SPDR Dow Jones Industrial Average ETF Trust makes up about 0.9% of Royal Fund Management LLC’s investment portfolio, making the stock its 20th largest holding. Royal Fund Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $8,152,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Axxcess Wealth Management LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at $256,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 42.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,191 shares of the exchange traded fund’s stock worth $826,000 after buying an additional 649 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 18.0% in the 4th quarter. Natixis Advisors L.P. now owns 14,432 shares of the exchange traded fund’s stock worth $5,439,000 after buying an additional 2,204 shares during the last quarter. Heritage Wealth Management LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter worth $226,000. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 37,249 shares of the exchange traded fund’s stock worth $14,069,000 after buying an additional 3,605 shares during the last quarter. 37.11% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

Shares of DIA stock traded up $4.54 on Friday, reaching $386.77. The stock had a trading volume of 4,471,092 shares, compared to its average volume of 4,228,516. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $323.21 and a 1 year high of $398.82. The company has a 50 day simple moving average of $387.57 and a 200 day simple moving average of $372.84.

About SPDR Dow Jones Industrial Average ETF Trust

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.