Mission Wealth Management LP Reduces Stake in SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)

Mission Wealth Management LP trimmed its position in shares of SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,635 shares of the exchange traded fund’s stock after selling 670 shares during the period. Mission Wealth Management LP’s holdings in SPDR Dow Jones Industrial Average ETF were worth $652,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hall Capital Management Co. Inc. acquired a new stake in SPDR Dow Jones Industrial Average ETF during the fourth quarter worth about $201,000. Diversified Portfolios Inc. bought a new position in shares of SPDR Dow Jones Industrial Average ETF in the fourth quarter worth about $202,000. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF in the fourth quarter worth about $210,000. Trellis Advisors LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF in the fourth quarter worth about $218,000. Finally, Meridian Management Co. bought a new position in shares of SPDR Dow Jones Industrial Average ETF in the fourth quarter worth about $220,000.

SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) traded down $2.34 during mid-day trading on Wednesday, hitting $247.88. 6,209,556 shares of the stock were exchanged, compared to its average volume of 6,840,677. The company has a market capitalization of $22,760.00 and a PE ratio of 30.83. SPDR Dow Jones Industrial Average ETF has a 52-week low of $203.64 and a 52-week high of $265.93.

The business also recently announced a monthly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.6448 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $7.74 dividend on an annualized basis and a dividend yield of 3.12%. This is a boost from SPDR Dow Jones Industrial Average ETF’s previous monthly dividend of $0.14. SPDR Dow Jones Industrial Average ETF’s dividend payout ratio is 61.07%.

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About SPDR Dow Jones Industrial Average ETF

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.

Institutional Ownership by Quarter for SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)

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