Riverbend Wealth Management LLC Invests $427,000 in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Riverbend Wealth Management LLC acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the fourth quarter, Holdings Channel reports. The firm acquired 1,002 shares of the exchange traded fund’s stock, valued at approximately $427,000.

A number of other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth about $195,249,000. The Manufacturers Life Insurance Company bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the third quarter valued at approximately $113,015,000. Strategic Financial Concepts LLC boosted its position in SPDR Dow Jones Industrial Average ETF Trust by 42,602.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 250,665 shares of the exchange traded fund’s stock valued at $106,658,000 after acquiring an additional 250,078 shares in the last quarter. USA Financial Formulas increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 7,978.6% in the 4th quarter. USA Financial Formulas now owns 189,444 shares of the exchange traded fund’s stock valued at $80,608,000 after acquiring an additional 187,099 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter worth $73,917,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA DIA opened at $419.49 on Tuesday. The stock has a market capitalization of $35.95 billion, a P/E ratio of 24.21 and a beta of 0.95. The business has a fifty day moving average price of $436.48 and a 200 day moving average price of $430.89. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $376.14 and a 1-year high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 17th were given a dividend of $0.1624 per share. The ex-dividend date of this dividend was Friday, January 17th.

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.