BTS Asset Management Inc. Invests $1.12 Million in SPDR Dow Jones Industrial Average ETF Trust $DIA

BTS Asset Management Inc. bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,338 shares of the exchange traded fund’s stock, valued at approximately $1,123,000. SPDR Dow Jones Industrial Average ETF Trust accounts for approximately 1.5% of BTS Asset Management Inc.’s portfolio, making the stock its 5th biggest holding.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 50 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the third quarter worth approximately $32,000. Investment Research & Advisory Group Inc. purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth approximately $34,000. Dorato Capital Management purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth approximately $42,000. 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 NYSEARCA:DIA opened at $484.72 on Thursday. The firm has a market cap of $43.64 billion, a PE ratio of 22.20 and a beta of 0.88. The firm’s 50 day simple moving average is $479.18 and its 200-day simple moving average is $478.35. SPDR Dow Jones Industrial Average ETF Trust has a one year low of $378.35 and a one year high of $505.30.

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.