Truist Financial Corp Reduces Stock Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Truist Financial Corp cut its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,130 shares of the exchange traded fund’s stock after selling 13,305 shares during the quarter. Truist Financial Corp owned about 0.17% of SPDR Dow Jones Industrial Average ETF Trust worth $71,940,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DIA. Elevation Point Wealth Partners LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at about $27,000. McIlrath & Eck LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Hollencrest Capital Management grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% during the second quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 60 shares in the last quarter. Pineridge Advisors LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $32,000. Finally, Trust Co. of Toledo NA OH bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA:DIA opened at $490.13 on Thursday. The firm has a fifty day moving average price of $483.72 and a two-hundred day moving average price of $467.13. SPDR Dow Jones Industrial Average ETF Trust has a one year low of $366.32 and a one year high of $496.34. The company has a market cap of $45.33 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

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.