Kovack Advisors Inc. Increases Stake in SPDR Dow Jones Industrial Average ETF Trust $DIA

Kovack Advisors Inc. raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 16.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,515 shares of the exchange traded fund’s stock after buying an additional 1,632 shares during the period. Kovack Advisors Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $5,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIA. Brighton Jones LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.2% in the fourth quarter. Brighton Jones LLC now owns 12,054 shares of the exchange traded fund’s stock worth $5,129,000 after purchasing an additional 1,116 shares in the last quarter. Bison Wealth LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 5.0% in the 4th quarter. Bison Wealth LLC now owns 2,483 shares of the exchange traded fund’s stock worth $1,057,000 after buying an additional 118 shares in the last quarter. GAMMA Investing LLC increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 95.8% in the 1st quarter. GAMMA Investing LLC now owns 280 shares of the exchange traded fund’s stock worth $118,000 after buying an additional 137 shares in the last quarter. Mather Group LLC. increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 11.2% in the 1st quarter. Mather Group LLC. now owns 930 shares of the exchange traded fund’s stock worth $391,000 after buying an additional 94 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in SPDR Dow Jones Industrial Average ETF Trust by 61.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,934 shares of the exchange traded fund’s stock worth $1,232,000 after buying an additional 1,114 shares in the last quarter. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

Shares of DIA stock opened at $475.01 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 52-week low of $366.32 and a 52-week high of $480.39. The firm has a market capitalization of $41.89 billion, a PE ratio of 22.20 and a beta of 0.91. The stock has a fifty day simple moving average of $462.16 and a two-hundred day simple moving average of $440.17.

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.