Baird Financial Group Inc. Trims Stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Baird Financial Group Inc. lowered its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,771 shares of the exchange traded fund’s stock after selling 1,314 shares during the period. Baird Financial Group Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $16,923,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $195,249,000. Wealthfront Advisers LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 8,900.9% during the fourth quarter. Wealthfront Advisers LLC now owns 416,203 shares of the exchange traded fund’s stock worth $177,094,000 after purchasing an additional 411,579 shares in the last quarter. AIA Group Ltd lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 246.5% in the fourth quarter. AIA Group Ltd now owns 356,075 shares of the exchange traded fund’s stock valued at $151,510,000 after purchasing an additional 253,320 shares during the period. Strategic Financial Concepts LLC boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 42,602.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 250,665 shares of the exchange traded fund’s stock valued at $106,658,000 after purchasing an additional 250,078 shares in the last quarter. Finally, USA Financial Formulas increased its position in SPDR Dow Jones Industrial Average ETF Trust by 7,978.6% during the 4th quarter. USA Financial Formulas now owns 189,444 shares of the exchange traded fund’s stock worth $80,608,000 after purchasing an additional 187,099 shares during the period. 37.11% of the stock is currently owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

DIA opened at $408.24 on Wednesday. The business has a 50 day simple moving average of $409.40 and a 200-day simple moving average of $427.03. The stock has a market capitalization of $35.51 billion, a P/E ratio of 21.45 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $366.32 and a 12 month high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Company 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.