Parallel Advisors LLC Decreases Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Parallel Advisors LLC trimmed its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 977 shares of the exchange traded fund’s stock after selling 30 shares during the quarter. Parallel Advisors LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. American Capital Advisory LLC increased its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 60.5% during the fourth quarter. American Capital Advisory LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 26 shares during the period. Crews Bank & Trust purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at $53,000. NewSquare Capital LLC increased its position in SPDR Dow Jones Industrial Average ETF Trust by 432.0% during the 4th quarter. NewSquare Capital LLC now owns 133 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 108 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at $59,000. Finally, FSA Wealth Management LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the third quarter valued at about $60,000. 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 $419.62 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $376.14 and a 1 year high of $451.55. The company’s 50-day moving average is $434.94 and its 200 day moving average is $430.84. The stock has a market capitalization of $37.28 billion, a P/E ratio of 22.75 and a beta of 0.94.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 17th were issued a dividend of $0.1624 per share. The ex-dividend date of this dividend was Friday, January 17th.

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.