Tortoise Investment Management LLC Sells 187 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Tortoise Investment Management LLC trimmed its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,132 shares of the exchange traded fund’s stock after selling 187 shares during the period. Tortoise Investment Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $4,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tull Financial Group Inc. raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 4.7% during the 4th quarter. Tull Financial Group Inc. now owns 562 shares of the exchange traded fund’s stock valued at $239,000 after acquiring an additional 25 shares during the period. American Capital Advisory LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 60.5% during the 4th quarter. American Capital Advisory LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 26 shares during the period. QRG Capital Management Inc. raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 0.8% during the 4th quarter. QRG Capital Management Inc. now owns 3,457 shares of the exchange traded fund’s stock valued at $1,471,000 after acquiring an additional 26 shares during the period. XML Financial LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1.1% during the 3rd quarter. XML Financial LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $1,016,000 after acquiring an additional 27 shares during the period. Finally, Seamount Financial Group Inc. increased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 0.6% in the fourth quarter. Seamount Financial Group Inc. now owns 4,777 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 29 shares during the period. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

SPDR Dow Jones Industrial Average ETF Trust stock opened at $428.26 on Monday. The stock has a market cap of $36.70 billion, a P/E ratio of 24.21 and a beta of 0.95. SPDR Dow Jones Industrial Average ETF Trust has a fifty-two week low of $376.14 and a fifty-two week high of $451.55. The firm’s fifty day moving average price is $436.61 and its 200-day moving average price is $430.81.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 17th were issued a $0.1624 dividend. 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.