Pinnacle Holdings LLC Lowers Stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

Pinnacle Holdings LLC lowered its position in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,768 shares of the exchange traded fund’s stock after selling 947 shares during the quarter. SPDR Dow Jones Industrial Average ETF Trust comprises 4.1% of Pinnacle Holdings LLC’s investment portfolio, making the stock its largest holding. Pinnacle Holdings LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $10,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 42,602.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 250,665 shares of the exchange traded fund’s stock valued at $106,658,000 after purchasing an additional 250,078 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in SPDR Dow Jones Industrial Average ETF Trust by 16.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,250 shares of the exchange traded fund’s stock valued at $1,375,000 after buying an additional 452 shares in the last quarter. Park Avenue Securities LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at about $381,000. Fisher Asset Management LLC increased its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 57.1% during the fourth quarter. Fisher Asset Management LLC now owns 784 shares of the exchange traded fund’s stock valued at $334,000 after buying an additional 285 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 4.9% in the fourth quarter. DAVENPORT & Co LLC now owns 6,373 shares of the exchange traded fund’s stock worth $2,712,000 after buying an additional 299 shares in the last quarter. 37.11% of the stock is currently owned by institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.1 %

SPDR Dow Jones Industrial Average ETF Trust stock opened at $425.82 on Wednesday. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $376.14 and a 1-year high of $451.55. The firm has a market capitalization of $37.83 billion, a PE ratio of 22.75 and a beta of 0.94. The firm’s 50 day simple moving average is $435.00 and its 200 day simple moving average is $431.40.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 17th were issued a $0.1624 dividend. The ex-dividend date was Friday, January 17th.

About SPDR Dow Jones Industrial Average ETF Trust

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.