SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Reaches New 12-Month Low – Here’s Why

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $366.32 and last traded at $367.19, with a volume of 1341863 shares trading hands. The stock had previously closed at $383.22.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 7.9 %

The business has a fifty day moving average price of $426.97 and a two-hundred day moving average price of $430.47. The firm has a market capitalization of $35.85 billion, a PE ratio of 23.00 and a beta of 0.91.

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.

Institutional Investors Weigh In On SPDR Dow Jones Industrial Average ETF Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Financial Concepts LLC raised its position 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 purchasing an additional 250,078 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at $381,000. Fisher Asset Management LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 57.1% in the 4th quarter. Fisher Asset Management LLC now owns 784 shares of the exchange traded fund’s stock valued at $334,000 after buying an additional 285 shares during the period. DAVENPORT & Co LLC lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 4.9% during the 4th quarter. DAVENPORT & Co LLC now owns 6,373 shares of the exchange traded fund’s stock worth $2,712,000 after acquiring an additional 299 shares in the last quarter. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at about $426,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

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.