Washburn Capital Management Inc. Has $12.43 Million Stake in SPDR Dow Jones Industrial Average ETF Trust $DIA

Washburn Capital Management Inc. lowered its stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 6.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,798 shares of the exchange traded fund’s stock after selling 1,863 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust makes up approximately 6.9% of Washburn Capital Management Inc.’s holdings, making the stock its 4th largest position. Washburn Capital Management Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $12,427,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.2% in the 4th quarter. Brighton Jones LLC now owns 12,054 shares of the exchange traded fund’s stock worth $5,129,000 after acquiring an additional 1,116 shares during the period. Bison Wealth LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.0% in the fourth quarter. Bison Wealth LLC now owns 2,483 shares of the exchange traded fund’s stock valued at $1,057,000 after purchasing an additional 118 shares during the period. Sovran Advisors LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 107.0% during the second quarter. Sovran Advisors LLC now owns 1,397 shares of the exchange traded fund’s stock valued at $618,000 after buying an additional 722 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 5.6% during the second quarter. Focus Financial Network Inc. now owns 4,797 shares of the exchange traded fund’s stock valued at $2,114,000 after buying an additional 256 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 25.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,688 shares of the exchange traded fund’s stock worth $1,625,000 after buying an additional 754 shares during the period. 37.11% of the stock is currently owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of DIA stock opened at $493.42 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $366.32 and a 12-month high of $496.34. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. The business has a 50 day simple moving average of $480.60 and a 200 day simple moving average of $464.44.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

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.