Financial Planning Hawaii Inc. Invests $746,000 in SPDR Dow Jones Industrial Average ETF Trust $DIA

Financial Planning Hawaii Inc. acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,553 shares of the exchange traded fund’s stock, valued at approximately $746,000.

Several other institutional investors have also recently added to or reduced their stakes in DIA. Stonebridge Financial Group LLC boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 1.8% in the 3rd quarter. Stonebridge Financial Group LLC now owns 1,275 shares of the exchange traded fund’s stock worth $591,000 after buying an additional 22 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in SPDR Dow Jones Industrial Average ETF Trust by 4.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 507 shares of the exchange traded fund’s stock valued at $235,000 after buying an additional 22 shares during the period. DAVENPORT & Co LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.4% during the 4th quarter. DAVENPORT & Co LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $2,617,000 after acquiring an additional 22 shares during the last quarter. Abound Wealth Management lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 9.5% during the 3rd quarter. Abound Wealth Management now owns 266 shares of the exchange traded fund’s stock worth $124,000 after acquiring an additional 23 shares during the period. Finally, Valmark Advisers Inc. lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.6% during the 3rd quarter. Valmark Advisers Inc. now owns 3,679 shares of the exchange traded fund’s stock worth $1,706,000 after acquiring an additional 23 shares during the period. 37.11% of the stock is currently owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

DIA opened at $452.06 on Tuesday. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $366.32 and a 1 year high of $505.30. The company’s 50 day simple moving average is $483.40 and its 200 day simple moving average is $477.42. The stock has a market capitalization of $40.25 billion, a PE ratio of 22.20 and a beta of 0.91.

SPDR Dow Jones Industrial Average ETF Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 13th. Shareholders of record on Friday, March 20th will be issued a $0.9937 dividend. This is a boost from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.61. The ex-dividend date is Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

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.