GAMMA Investing LLC has expanded its investment in the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by an impressive 30.4% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, the company now holds 365 shares of the exchange-traded fund following the purchase of an additional 85 shares. As of the end of the reporting period, GAMMA Investing’s stake in the ETF was valued at approximately $161,000.
Several other institutional investors have also recently adjusted their positions in DIA. For instance, POM Investment Strategies LLC established a new position in the ETF during the first quarter, valued at about $25,000. Similarly, Family Legacy Financial Solutions LLC and Oliver Lagore Vanvalin Investment Group both acquired new shares during the second quarter, each valued at around $28,000. Additionally, WPG Advisers LLC and Cornerstone Planning Group LLC made new investments during the first quarter, valued at approximately $34,000 and $36,000, respectively. Currently, institutional investors and hedge funds collectively hold 37.11% of the ETF’s stock.
Performance Metrics and Market Context
On Tuesday, shares of the SPDR Dow Jones Industrial Average ETF Trust opened at $463.04. The ETF boasts a market capitalization of $39.75 billion and a price-to-earnings (P/E) ratio of 22.20, with a beta of 0.94. Over the past year, the stock has experienced a 52-week low of $366.32 and a high of $467.00. Its performance over the past fifty days averages $452.41, while the two-hundred-day average stands at $431.16.
The SPDR Dow Jones Industrial Average ETF Trust is a unit investment trust that aims to replicate the price and yield performance of the Dow Jones Industrial Average, which consists of 30 blue-chip stocks in the United States. The trust issues securities known as trust units or simply units, providing investors with a straightforward way to gain exposure to the performance of these major companies.
For investors interested in tracking other significant stakeholders in the ETF, resources such as HoldingsChannel.com offer updates on 13F filings and insider trading activity related to the SPDR Dow Jones Industrial Average ETF Trust.
