L & S Advisors Inc Sells 1,379 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

L & S Advisors Inc lessened its holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 32,440 shares of the exchange traded fund’s stock after selling 1,379 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust comprises 1.5% of L & S Advisors Inc’s investment portfolio, making the stock its 10th biggest holding. L & S Advisors Inc’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $13,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Okabena Investment Services Inc. acquired a new position in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth approximately $519,000. Allianz SE purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter worth $24,339,000. Brown Brothers Harriman & Co. raised its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 178.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the exchange traded fund’s stock worth $219,000 after buying an additional 330 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 27.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,281 shares of the exchange traded fund’s stock worth $2,247,000 after purchasing an additional 1,147 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 11.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 652 shares of the exchange traded fund’s stock worth $277,000 after buying an additional 69 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

Shares of NYSEARCA:DIA opened at $415.62 on Friday. The business’s 50-day simple moving average is $434.29 and its 200 day simple moving average is $431.33. The company has a market cap of $36.92 billion, a P/E ratio of 22.75 and a beta of 0.94. SPDR Dow Jones Industrial Average ETF Trust has a one year low of $376.14 and a one year high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 17th were paid a $0.1624 dividend. The ex-dividend date was Friday, January 17th.

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.