SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Stock Passes Above 50-Day Moving Average of $258.71

Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $258.71 and traded as high as $265.62. SPDR Dow Jones Industrial Average ETF Trust shares last traded at $265.46, with a volume of 98,834 shares traded.

The company has a 50 day simple moving average of $258.97.

The business also recently disclosed a monthly dividend, which was paid on Monday, June 17th. Investors of record on Monday, May 20th were paid a dividend of $0.6437 per share. This is a boost from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.16. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, May 17th.

Several hedge funds and other institutional investors have recently modified their holdings of DIA. Deutsche Bank AG purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $52,240,000. Ellis Investment Partners LLC acquired a new position in SPDR Dow Jones Industrial Average ETF Trust during the 1st quarter valued at about $179,000. Wells Fargo & Company MN increased its position in SPDR Dow Jones Industrial Average ETF Trust by 8.8% during the 1st quarter. Wells Fargo & Company MN now owns 1,735,610 shares of the exchange traded fund’s stock valued at $449,748,000 after buying an additional 139,822 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. acquired a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at about $27,984,000. Finally, JPMorgan Chase & Co. increased its position in SPDR Dow Jones Industrial Average ETF Trust by 34.0% during the 1st quarter. JPMorgan Chase & Co. now owns 358,743 shares of the exchange traded fund’s stock valued at $92,961,000 after buying an additional 91,115 shares in the last quarter.

SPDR Dow Jones Industrial Average ETF Trust Company Profile (NYSEARCA:DIA)

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.

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