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Brand Asset Management Group Inc. acquired a new position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 164 shares of the exchange traded fund’s stock, valued at approximately $38,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 17.9% in the third quarter. Morgan Stanley now owns 3,618,999 shares of the exchange traded fund’s stock worth $956,863,000 after buying an additional 548,849 shares during the period. Bank of Montreal Can boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,199.5% in the 4th quarter. Bank of Montreal Can now owns 1,591,817 shares of the exchange traded fund’s stock worth $371,211,000 after purchasing an additional 1,469,323 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 15.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 882,345 shares of the exchange traded fund’s stock worth $233,254,000 after purchasing an additional 118,794 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 25,193.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 840,234 shares of the exchange traded fund’s stock worth $3,177,000 after purchasing an additional 836,912 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter worth $105,760,000.
Shares of SPDR Dow Jones Industrial Average ETF Trust stock traded down $0.06 during trading on Thursday, reaching $250.12. The company’s stock had a trading volume of 5,561,158 shares, compared to its average volume of 4,436,331. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $216.97 and a 1-year high of $269.28.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 11th. Stockholders of record on Tuesday, January 22nd will be given a $0.1739 dividend. The ex-dividend date of this dividend is Friday, January 18th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 0.83%.
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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.
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