SPDR Dow Jones Industrial Average ETF Trust $DIA Stock: Parallel Advisors LLC Increases Position

Parallel Advisors LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 132.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,584 shares of the exchange traded fund’s stock after purchasing an additional 2,042 shares during the period. Parallel Advisors LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $1,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIA. Team Financial Group LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at about $270,000. Putney Financial Group LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the third quarter worth about $178,000. Blue Bell Private Wealth Management LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 20,520 shares of the exchange traded fund’s stock worth $10,435,000 after acquiring an additional 201 shares during the last quarter. Busey Bank acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the third quarter worth about $201,000. Finally, John Boyer Inc. acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the third quarter worth about $1,388,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

Shares of DIA opened at $523.33 on Tuesday. The company has a market capitalization of $46.02 billion, a P/E ratio of 22.20 and a beta of 0.86. SPDR Dow Jones Industrial Average ETF Trust has a one year low of $450.44 and a one year high of $546.75. The stock has a 50-day moving average price of $519.96 and a 200 day moving average price of $506.81.

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.