Mechanics Bank Trust Department Sells 872 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Mechanics Bank Trust Department reduced its position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,839 shares of the exchange traded fund’s stock after selling 872 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust comprises about 1.6% of Mechanics Bank Trust Department’s portfolio, making the stock its 14th biggest position. Mechanics Bank Trust Department’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $12,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DIA. Benjamin F. Edwards & Company Inc. raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 120.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,660 shares of the exchange traded fund’s stock valued at $1,823,000 after acquiring an additional 2,549 shares in the last quarter. Bridges Investment Management Inc. bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at about $296,000. Holderness Investments Co. lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 3.1% in the 2nd quarter. Holderness Investments Co. now owns 1,687 shares of the exchange traded fund’s stock worth $660,000 after purchasing an additional 51 shares during the period. First City Capital Management Inc. boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 3.3% during the second quarter. First City Capital Management Inc. now owns 2,471 shares of the exchange traded fund’s stock valued at $967,000 after purchasing an additional 79 shares in the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $70,000. 37.11% of the stock is owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA:DIA opened at $434.72 on Monday. The firm has a 50 day moving average of $435.62 and a 200 day moving average of $420.67. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $371.36 and a 52 week high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 17th will be paid a dividend of $0.1624 per share. The ex-dividend date of this dividend is Friday, January 17th.

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.