Meridian Investment Counsel Inc. Boosts Stock Position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Meridian Investment Counsel Inc. raised its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,862 shares of the exchange traded fund’s stock after buying an additional 136 shares during the period. SPDR Dow Jones Industrial Average ETF Trust accounts for about 1.0% of Meridian Investment Counsel Inc.’s holdings, making the stock its 29th largest holding. Meridian Investment Counsel Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $3,345,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DIA. Seven Mile Advisory grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 70.3% in the fourth quarter. Seven Mile Advisory now owns 1,250 shares of the exchange traded fund’s stock valued at $532,000 after purchasing an additional 516 shares during the period. Summit Financial LLC grew its holdings in SPDR Dow Jones Industrial Average ETF Trust by 3.0% in the 4th quarter. Summit Financial LLC now owns 7,264 shares of the exchange traded fund’s stock valued at $3,100,000 after buying an additional 209 shares during the period. AIA Group Ltd increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 246.5% during the 4th quarter. AIA Group Ltd now owns 356,075 shares of the exchange traded fund’s stock valued at $151,510,000 after acquiring an additional 253,320 shares during the last quarter. Partners in Financial Planning purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth about $207,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 40.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,597 shares of the exchange traded fund’s stock worth $1,105,000 after acquiring an additional 747 shares during the last quarter. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

Shares of DIA stock opened at $415.62 on Monday. The firm has a market capitalization of $36.92 billion, a price-to-earnings 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. The company has a 50 day moving average price of $434.29 and a 200 day moving average price of $431.65.

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 $0.1624 dividend. 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.