BTS Asset Management Inc. Invests $2.47 Million in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

BTS Asset Management Inc. bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,540 shares of the exchange traded fund’s stock, valued at approximately $2,466,000. SPDR Dow Jones Industrial Average ETF Trust comprises 1.9% of BTS Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIA. Moneta Group Investment Advisors LLC lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 102,891.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,216,784 shares of the exchange traded fund’s stock worth $3,385,127,000 after purchasing an additional 10,206,864 shares during the last quarter. Morgan Stanley lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 16.0% during the 4th quarter. Morgan Stanley now owns 3,700,255 shares of the exchange traded fund’s stock worth $1,226,006,000 after purchasing an additional 510,953 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 685,608 shares of the exchange traded fund’s stock worth $230,687,000 after purchasing an additional 12,798 shares during the last quarter. Royal Bank of Canada lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 15.7% during the 1st quarter. Royal Bank of Canada now owns 655,063 shares of the exchange traded fund’s stock worth $227,195,000 after purchasing an additional 89,046 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 7.5% during the 2nd quarter. Credit Suisse AG now owns 452,113 shares of the exchange traded fund’s stock worth $155,459,000 after purchasing an additional 31,578 shares during the last quarter. 37.11% of the stock is currently owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

NYSEARCA DIA traded up $2.41 during midday trading on Wednesday, hitting $395.26. The company had a trading volume of 1,975,560 shares, compared to its average volume of 3,644,617. The firm has a 50-day moving average price of $386.31 and a 200-day moving average price of $363.91. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $322.84 and a twelve month high of $398.82.

SPDR Dow Jones Industrial Average ETF Trust Company 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.