Washburn Capital Management Inc. Sells 1,863 Shares of SPDR Dow Jones Industrial Average ETF Trust $DIA

Washburn Capital Management Inc. trimmed its holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,798 shares of the exchange traded fund’s stock after selling 1,863 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust accounts for about 6.9% of Washburn Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Washburn Capital Management Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $12,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth about $27,000. McIlrath & Eck LLC increased 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 worth $27,000 after acquiring an additional 50 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $28,000. Hollencrest Capital Management lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in the 2nd 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. Finally, Pineridge Advisors LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

NYSEARCA DIA opened at $493.42 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $366.32 and a twelve month high of $496.34. The stock has a market cap of $45.07 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. The firm’s 50 day moving average price is $480.60 and its two-hundred day moving average price is $464.44.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

SPDR Dow Jones Industrial Average ETF Trust 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.