Summit Asset Management LLC Sells 281 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Summit Asset Management LLC lessened its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,462 shares of the exchange traded fund’s stock after selling 281 shares during the period. SPDR Dow Jones Industrial Average ETF Trust makes up 1.4% of Summit Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Summit Asset Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $5,827,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DIA. Cetera Trust Company N.A bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at approximately $38,000. Grove Bank & Trust boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 90.1% during the 3rd quarter. Grove Bank & Trust now owns 135 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. Legacy Financial Group LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter valued at approximately $50,000. Archer Investment Corp boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 52.5% during the 3rd quarter. Archer Investment Corp now owns 180 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 62 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 545.9% in the fourth quarter. Sound Income Strategies LLC now owns 239 shares of the exchange traded fund’s stock worth $90,000 after buying an additional 202 shares during the last quarter. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.5 %

DIA traded up $1.72 during trading on Thursday, reaching $380.61. The company had a trading volume of 1,659,259 shares, compared to its average volume of 3,804,161. The business has a 50 day simple moving average of $387.83 and a 200-day simple moving average of $372.44. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $323.21 and a 52 week high of $398.82.

SPDR Dow Jones Industrial Average ETF Trust Profile

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.