SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 1-Year High – Here’s Why

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $496.41 and last traded at $494.2870, with a volume of 936314 shares changing hands. The stock had previously closed at $494.03.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.7%

The firm has a market cap of $43.73 billion, a PE ratio of 22.20 and a beta of 0.91. The firm has a 50-day moving average price of $486.31 and a two-hundred day moving average price of $468.85.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter worth about $5,101,000. Calamos Wealth Management LLC acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the second quarter valued at approximately $441,000. Stephens Inc. AR increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 63,082 shares of the exchange traded fund’s stock worth $27,797,000 after purchasing an additional 1,881 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 55.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,629 shares of the exchange traded fund’s stock worth $1,683,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Melone Private Wealth LLC lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 10.0% in the 3rd quarter. Melone Private Wealth LLC now owns 31,198 shares of the exchange traded fund’s stock valued at $14,468,000 after buying an additional 2,840 shares in the last quarter. Institutional investors and hedge funds own 37.11% of the company’s stock.

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.