Beta Wealth Group Inc. Takes $3.26 Million Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Beta Wealth Group Inc. purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,024 shares of the exchange traded fund’s stock, valued at approximately $3,257,000. SPDR Dow Jones Industrial Average ETF Trust accounts for approximately 1.3% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIA. Elevation Point Wealth Partners LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth about $27,000. McIlrath & Eck LLC grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Hollencrest Capital Management grew its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% during the 2nd quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Pineridge Advisors LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $32,000. Finally, Cornerstone Planning Group LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at $32,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of DIA stock opened at $495.28 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 has a market cap of $44.10 billion, a P/E ratio of 22.20 and a beta of 0.91. The stock’s 50-day moving average is $489.57 and its 200 day moving average is $471.89.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 16th will be paid a $0.1786 dividend. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 16th.

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.