Mercer Global Advisors Inc. ADV Expands Stake in SPDR Dow Jones Industrial Average ETF

Mercer Global Advisors Inc. ADV, a prominent institutional investor, has increased its holdings in the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 2.0% during the third quarter, as revealed in its latest Form 13F filing with the SEC. The investment firm purchased an additional 179 shares, bringing its total ownership to 9,293 shares of the exchange-traded fund's stock, valued at approximately $3.113 million by the close of the reporting period.

Growing Interest from Institutional Investors

Interest in the SPDR Dow Jones Industrial Average ETF Trust has seen a consistent rise among various large investors. Penobscot Investment Management Company Inc., for instance, has boosted its stake in the ETF by 2.8%, totaling 1,105 shares worth $370,000. Likewise, Main Street Research LLC and Financial Advocates Investment Management have increased their holdings by 4.3% and 1.2%, respectively. Another notable increase was from CRA Financial Services LLC, with a 1.2% rise in its shares, now owning 3,040. High Net Worth Advisory Group LLC also upped its stake by 3.5% in the previous quarter.

ETF Performance and Profile

The SPDR Dow Jones Industrial Average ETF Trust started trading at $388.42 on the most recent Tuesday, showing resilience in its market performance. Its lowest and highest trading points over the last twelve months were $314.97 and $392.84, respectively. The ETF's average prices over 50 and 200 days stand at $383.12 and $360.76. Strategically, the ETF aims to mirror the performance and yield of the Dow Jones Industrial Average, which comprises 30 prominent U.S. blue-chip companies.

Mercer, SPDR, ETF