Worth Asset Management LLC Makes New $6.71 Million Investment in SPDR Dow Jones Industrial Average ETF Trust $DIA

Worth Asset Management LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 13,189 shares of the exchange traded fund’s stock, valued at approximately $6,707,000. SPDR Dow Jones Industrial Average ETF Trust accounts for 2.0% of Worth Asset Management LLC’s holdings, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allied Private Wealth LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth about $26,000. Teachers Insurance & Annuity Association of America bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter worth approximately $48,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $50,000. Fairway Wealth LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust in the first quarter valued at about $50,000. Finally, Nalls Sherbakoff Group LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter worth about $58,000. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of DIA stock traded down $2.86 during mid-day trading on Wednesday, hitting $511.70. 2,962,840 shares of the stock traded hands, compared to its average volume of 5,109,969. The stock has a market cap of $45.25 billion, a P/E ratio of 22.20 and a beta of 0.86. The stock’s fifty day moving average is $526.58 and its two-hundred day moving average is $509.85. SPDR Dow Jones Industrial Average ETF Trust has a 52-week low of $450.44 and a 52-week high of $546.75.

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.