Financial Advocates Investment Management Trims Stake in SPDR Dow Jones Industrial Average ETF Trust $DIA

Financial Advocates Investment Management lowered its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 63.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 892 shares of the exchange traded fund’s stock after selling 1,538 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Family Legacy Financial Solutions LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at about $28,000. Pineridge Advisors LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth about $32,000. WPG Advisers LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the first quarter worth about $34,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth approximately $41,000. 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 DIA opened at $474.35 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $366.32 and a 1-year high of $484.39. The company has a market capitalization of $42.26 billion, a P/E ratio of 22.20 and a beta of 0.91. The firm’s 50 day simple moving average is $467.50 and its 200 day simple moving average is $449.59.

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.