Tortoise Investment Management LLC Reduces Holdings in SPDR Dow Jones Industrial Average ETF Trust $DIA

Tortoise Investment Management LLC lowered its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,502 shares of the exchange traded fund’s stock after selling 430 shares during the quarter. Tortoise Investment Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $4,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at about $28,000. WPG Advisers LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the first quarter worth about $34,000. Trust Co. of Toledo NA OH bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth about $41,000. Finally, First Command Advisory Services Inc. purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at about $44,000. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

DIA opened at $471.80 on Friday. The business has a 50 day simple moving average of $466.30 and a two-hundred day simple moving average of $446.38. The firm has a market capitalization of $42.03 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a one year low of $366.32 and a one year high of $484.39.

SPDR Dow Jones Industrial Average ETF Trust 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.