Kovack Advisors Inc. Boosts Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust $DIA

Kovack Advisors Inc. boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 16.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,515 shares of the exchange traded fund’s stock after buying an additional 1,632 shares during the period. Kovack Advisors Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $5,074,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the first quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at about $28,000. WPG Advisers LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 1st quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 1st quarter valued at about $36,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.3%

Shares of NYSEARCA:DIA opened at $475.01 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $366.32 and a 12 month high of $480.39. The company has a 50-day moving average price of $462.16 and a 200 day moving average price of $440.17. The company has a market cap of $41.89 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91.

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.