Tortoise Investment Management LLC Reduces Holdings in SPDR Dow Jones Industrial Average ETF (DIA) – The Lincolnian Online

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Tortoise Investment Management LLC lowered its stake in shares of SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,222 shares of the exchange traded fund’s stock after selling 520 shares during the quarter. SPDR Dow Jones Industrial Average ETF accounts for about 1.4% of Tortoise Investment Management LLC’s portfolio, making the stock its 19th largest position. Tortoise Investment Management LLC’s holdings in SPDR Dow Jones Industrial Average ETF were worth $4,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Cadinha & Co. LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF by 4,964.0% during the third quarter. Cadinha & Co. LLC now owns 90,798 shares of the exchange traded fund’s stock worth $20,322,000 after acquiring an additional 89,005 shares during the period. Private Advisor Group LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF by 13.1% during the third quarter. Private Advisor Group LLC now owns 71,127 shares of the exchange traded fund’s stock worth $16,177,000 after acquiring an additional 8,236 shares during the period. Virtu Financial LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF by 1,679.6% during the third quarter. Virtu Financial LLC now owns 44,686 shares of the exchange traded fund’s stock worth $2,418,000 after acquiring an additional 42,175 shares during the period. Stifel Financial Corp increased its position in shares of SPDR Dow Jones Industrial Average ETF by 4.1% during the third quarter. Stifel Financial Corp now owns 33,241 shares of the exchange traded fund’s stock worth $7,438,000 after acquiring an additional 1,304 shares during the period. Finally, L & S Advisors Inc increased its holdings in SPDR Dow Jones Industrial Average ETF by 4.8% in the third quarter. L & S Advisors Inc now owns 29,496 shares of the exchange traded fund’s stock valued at $6,602,000 after buying an additional 1,359 shares during the last quarter.

In related news, Director Mark Edward Thompson sold 1,000,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $0.06, for a total value of $60,000.00.

SPDR Dow Jones Industrial Average ETF (NYSEARCA DIA) opened at $247.25 on Wednesday. The company has a market capitalization of $22,210.00 and a price-to-earnings ratio of 30.75. SPDR Dow Jones Industrial Average ETF has a twelve month low of $196.69 and a twelve month high of $248.54.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 18th will be issued a $0.5606 dividend. This represents a $6.73 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, December 15th. SPDR Dow Jones Industrial Average ETF’s dividend payout ratio (DPR) is presently 66.04%.

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SPDR Dow Jones Industrial Average ETF Profile

Institutional Ownership by Quarter for SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)

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