SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sets New 52-Week High – Here’s What Happened

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)’s share price reached a new 52-week high on Monday . The company traded as high as $502.16 and last traded at $501.2280, with a volume of 2790149 shares changing hands. The stock had previously closed at $501.03.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.0%

The company has a market capitalization of $44.63 billion, a P/E ratio of 22.20 and a beta of 0.91. The firm’s 50-day moving average price is $487.08 and its 200 day moving average price is $469.69.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

Institutional Investors Weigh In On SPDR Dow Jones Industrial Average ETF Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Focus Partners Wealth grew its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,118.2% in the 3rd quarter. Focus Partners Wealth now owns 574,858 shares of the exchange traded fund’s stock worth $266,593,000 after acquiring an additional 527,669 shares in the last quarter. Two Sigma Investments LP boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 9,051.9% during the third quarter. Two Sigma Investments LP now owns 517,080 shares of the exchange traded fund’s stock worth $239,791,000 after purchasing an additional 511,430 shares during the last quarter. Capital Wealth Planning LLC boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 2,830.3% during the third quarter. Capital Wealth Planning LLC now owns 463,633 shares of the exchange traded fund’s stock worth $215,005,000 after purchasing an additional 447,811 shares during the last quarter. Bank of Nova Scotia bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter worth about $104,617,000. Finally, Qube Research & Technologies Ltd purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at about $33,409,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

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.