Wedbush Securities Inc. Sells 2,403 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Wedbush Securities Inc. decreased its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,026 shares of the exchange traded fund’s stock after selling 2,403 shares during the quarter. Wedbush Securities Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 7.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,361,777 shares of the exchange traded fund’s stock valued at $579,436,000 after purchasing an additional 92,463 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 537,885 shares of the exchange traded fund’s stock valued at $228,870,000 after buying an additional 4,029 shares in the last quarter. Raymond James Financial Inc. bought a new position in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at about $195,249,000. Wealthfront Advisers LLC boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 8,900.9% in the 4th quarter. Wealthfront Advisers LLC now owns 416,203 shares of the exchange traded fund’s stock valued at $177,094,000 after purchasing an additional 411,579 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 246.5% in the 4th quarter. AIA Group Ltd now owns 356,075 shares of the exchange traded fund’s stock valued at $151,510,000 after buying an additional 253,320 shares during the last quarter. Institutional investors and hedge funds own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 5.4 %

Shares of DIA opened at $383.22 on Friday. The firm’s fifty day simple moving average is $431.17 and its two-hundred day simple moving average is $431.25. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $376.14 and a 12 month high of $451.55. The stock has a market capitalization of $33.83 billion, a P/E ratio of 23.00 and a beta of 0.91.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were issued a dividend of $0.1624 per share. The ex-dividend date 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.