SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $507.02 and traded as high as $522.55. SPDR Dow Jones Industrial Average ETF Trust shares last traded at $518.00, with a volume of 3,365,388 shares changing hands.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.3%

The firm has a market capitalization of $44.80 billion, a P/E ratio of 22.20 and a beta of 0.86. The business’s 50 day moving average is $527.89 and its two-hundred day moving average is $507.52.

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIA. Align Financial LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at $100,450,000. Alkeon Capital Management LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at about $45,126,000. AIA Group Ltd boosted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 3,140.2% during the first quarter. AIA Group Ltd now owns 66,911 shares of the exchange traded fund’s stock worth $30,993,000 after purchasing an additional 64,846 shares during the period. LPL Financial LLC grew its position in SPDR Dow Jones Industrial Average ETF Trust by 2.5% during the fourth quarter. LPL Financial LLC now owns 1,649,992 shares of the exchange traded fund’s stock valued at $792,937,000 after purchasing an additional 40,183 shares in the last quarter. Finally, MYDA Advisors LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter valued at approximately $19,223,000. Institutional investors and hedge funds own 37.11% of the company’s stock.

About SPDR Dow Jones Industrial Average ETF Trust

(Get Free Report)

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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