Meritage Portfolio Management Sells 233 Shares of SPDR Dow Jones Industrial Average ETF Trust $DIA

Meritage Portfolio Management reduced its stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,460 shares of the exchange traded fund’s stock after selling 233 shares during the quarter. Meritage Portfolio Management’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $643,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sovereign Financial Group Inc. grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 10.0% during the 2nd quarter. Sovereign Financial Group Inc. now owns 2,557 shares of the exchange traded fund’s stock worth $1,127,000 after purchasing an additional 233 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 2.4% in the second quarter. Concurrent Investment Advisors LLC now owns 37,327 shares of the exchange traded fund’s stock valued at $16,448,000 after buying an additional 888 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 692.9% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 3,782 shares of the exchange traded fund’s stock valued at $1,667,000 after buying an additional 3,305 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 3.5% in the second quarter. Johnson Investment Counsel Inc. now owns 14,785 shares of the exchange traded fund’s stock valued at $6,515,000 after buying an additional 503 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in SPDR Dow Jones Industrial Average ETF Trust by 38.7% in the second quarter. Fifth Third Wealth Advisors LLC now owns 735 shares of the exchange traded fund’s stock valued at $324,000 after purchasing an additional 205 shares during the last quarter. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of DIA opened at $454.87 on Monday. The company has a market capitalization of $40.09 billion, a price-to-earnings ratio of 22.20 and a beta of 0.94. The business has a 50-day moving average of $455.81 and a 200-day moving average of $433.84. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $366.32 and a 1 year high of $470.38.

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.