Kovack Advisors Inc. Acquires 4,545 Shares of SPDR Dow Jones Industrial Average ETF Trust $DIA

Kovack Advisors Inc. lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 42.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,269 shares of the exchange traded fund’s stock after acquiring an additional 4,545 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $7,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Coastwise Capital Group LLC boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 3.1% during the 4th quarter. Coastwise Capital Group LLC now owns 4,570 shares of the exchange traded fund’s stock valued at $2,196,000 after purchasing an additional 139 shares in the last quarter. Empowered Funds LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter worth about $219,000. Meeder Advisory Services Inc. raised its stake in SPDR Dow Jones Industrial Average ETF Trust by 19.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 1,070 shares of the exchange traded fund’s stock worth $514,000 after buying an additional 177 shares in the last quarter. Gilpin Wealth Management LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter worth about $800,000. Finally, Smithbridge Asset Management Inc. DE lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 99.5% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 72,131 shares of the exchange traded fund’s stock worth $34,664,000 after buying an additional 35,981 shares during the period. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

SPDR Dow Jones Industrial Average ETF Trust stock opened at $509.36 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a fifty-two week low of $419.62 and a fifty-two week high of $517.75. The stock’s 50 day simple moving average is $494.64 and its two-hundred day simple moving average is $487.29. The stock has a market cap of $44.16 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86.

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.