Thurston Springer Miller Herd & Titak Inc. cut its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA – Free Report) by 97.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174 shares of the exchange traded fund’s stock after selling 5,760 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $81,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of DIA. Flaharty Asset Management LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the first quarter valued at approximately $121,000. Calamos Wealth Management LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth $441,000. Stephens Inc. AR grew its position in SPDR Dow Jones Industrial Average ETF Trust by 3.1% during the second quarter. Stephens Inc. AR now owns 63,082 shares of the exchange traded fund’s stock valued at $27,797,000 after buying an additional 1,881 shares during the period. Falcon Wealth Planning purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth about $249,000. Finally, Bank of Nova Scotia purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth approximately $104,617,000. 37.11% of the stock is owned by hedge funds and other institutional investors.
SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.5%
Shares of NYSEARCA DIA opened at $479.80 on Thursday. The stock has a fifty day simple moving average of $472.02 and a two-hundred day simple moving average of $455.46. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $366.32 and a 1-year high of $489.66. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91.
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.
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