GAMMA Investing LLC has increased its investment in the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by **30.4%** during the second quarter of 2023. According to the firm’s latest 13F filing with the **Securities and Exchange Commission** (SEC), GAMMA now holds **365 shares** of the ETF, which is valued at approximately **$161,000** as of the reporting period’s end.
Several prominent investors have also adjusted their positions in the SPDR Dow Jones ETF. Notably, **POM Investment Strategies LLC** acquired a new stake valued at about **$25,000** in the first quarter. Other firms, including **Family Legacy Financial Solutions LLC** and **Oliver Lagore Vanvalin Investment Group**, each entered positions worth about **$28,000** during the second quarter. Additionally, **WPG Advisers LLC** and **Cornerstone Planning Group LLC** made new investments valued at approximately **$34,000** and **$36,000**, respectively, in the first quarter.
Institutional investors and hedge funds currently own **37.11%** of the SPDR Dow Jones ETF, indicating significant interest from larger investment entities.
Stock Performance Insights
As of Tuesday, the SPDR Dow Jones Industrial Average ETF Trust opened at **$463.04**. The ETF has a market capitalization of **$39.75 billion** and a price-to-earnings ratio of **22.20**. Its beta is reported at **0.94**, reflecting a relatively stable performance compared to the broader market. Over the past year, the ETF has seen a **52-week low** of **$366.32** and a **52-week high** of **$467.00**. Additionally, the ETF’s **50-day simple moving average** stands at **$452.41**, while its **200-day simple moving average** is **$431.16**.
Understanding the SPDR Dow Jones Industrial Average ETF Trust
The SPDR Dow Jones Industrial Average ETF Trust is a unit investment trust that issues securities known as trust units. Its primary aim is to provide investment results that, before expenses, generally correspond to the price and yield performance of the **Dow Jones Industrial Average**, which comprises **30 blue-chip stocks** from the United States.
For investors looking to track institutional movements in this ETF, resources such as HoldingsChannel.com provide updates on the latest **13F filings** and insider trades, offering insights into the activities of hedge funds and other large investors in the SPDR Dow Jones ETF.