Purkiss Capital Advisors LLC Invests $366,000 in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Purkiss Capital Advisors LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 860 shares of the exchange traded fund’s stock, valued at approximately $366,000.

Several other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at about $113,015,000. Strategic Financial Concepts LLC raised its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 42,602.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 250,665 shares of the exchange traded fund’s stock valued at $106,658,000 after buying an additional 250,078 shares in the last quarter. USA Financial Formulas boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 7,978.6% in the fourth quarter. USA Financial Formulas now owns 189,444 shares of the exchange traded fund’s stock valued at $80,608,000 after buying an additional 187,099 shares during the period. Quadrature Capital Ltd acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the third quarter worth approximately $73,917,000. Finally, Private Advisor Group LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 106.1% during the 4th quarter. Private Advisor Group LLC now owns 281,782 shares of the exchange traded fund’s stock worth $119,900,000 after acquiring an additional 145,050 shares during the period. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

NYSEARCA:DIA opened at $438.37 on Friday. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95. SPDR Dow Jones Industrial Average ETF Trust has a fifty-two week low of $376.14 and a fifty-two week high of $451.55. The stock has a fifty day moving average price of $436.90 and a 200-day moving average price of $429.87.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently disclosed 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 was Friday, January 17th.

SPDR Dow Jones Industrial Average ETF Trust 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.