Summit Asset Management LLC Sells 72 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Summit Asset Management LLC cut its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,177 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust accounts for 1.0% of Summit Asset Management LLC’s holdings, making the stock its 25th largest position. Summit Asset Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $5,607,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at approximately $113,015,000. Strategic Financial Concepts LLC increased its stake in 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 acquiring an additional 250,078 shares during the last quarter. USA Financial Formulas increased its stake in 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 acquiring an additional 187,099 shares during the last quarter. Quadrature Capital Ltd bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at approximately $73,917,000. Finally, Private Advisor Group LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 106.1% in the fourth quarter. Private Advisor Group LLC now owns 281,782 shares of the exchange traded fund’s stock valued at $119,900,000 after acquiring an additional 145,050 shares during the last quarter. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA:DIA opened at $434.15 on Friday. The company’s 50 day simple moving average is $436.41 and its 200 day simple moving average is $428.43. 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 business also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were paid a dividend of $0.1624 per share. 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.