Vestmark Advisory Solutions Inc. Takes Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Vestmark Advisory Solutions Inc. bought a new position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,720 shares of the exchange traded fund’s stock, valued at approximately $1,261,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 14.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 495,852 shares of the exchange traded fund’s stock worth $218,498,000 after acquiring an additional 64,314 shares during the period. Raymond James Financial Inc. boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 2.0% during the second quarter. Raymond James Financial Inc. now owns 433,334 shares of the exchange traded fund’s stock valued at $190,949,000 after buying an additional 8,669 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in SPDR Dow Jones Industrial Average ETF Trust by 0.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 281,398 shares of the exchange traded fund’s stock worth $123,998,000 after buying an additional 1,668 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,751 shares of the exchange traded fund’s stock worth $117,544,000 after acquiring an additional 7,927 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 260,501 shares of the exchange traded fund’s stock valued at $114,790,000 after acquiring an additional 14,621 shares in the last quarter. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.6%

DIA stock opened at $494.82 on Thursday. The company’s 50 day moving average is $491.17 and its 200 day moving average is $474.30. The stock has a market cap of $44.06 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $366.32 and a 1-year high of $505.30.

SPDR Dow Jones Industrial Average ETF Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.6131 per share. This represents a c) annualized dividend and a yield of 1.5%. This is an increase from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 20th.

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.