SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Stock Position Trimmed by Pinnacle Holdings LLC

Pinnacle Holdings LLC lessened its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,768 shares of the exchange traded fund’s stock after selling 947 shares during the period. SPDR Dow Jones Industrial Average ETF Trust makes up about 4.1% of Pinnacle Holdings LLC’s holdings, making the stock its biggest holding. Pinnacle Holdings LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $10,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Tandem Investment Partners LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter valued at about $340,000. Advisory Services Network LLC grew its position in SPDR Dow Jones Industrial Average ETF Trust by 3.8% during the fourth quarter. Advisory Services Network LLC now owns 19,219 shares of the exchange traded fund’s stock valued at $8,178,000 after acquiring an additional 709 shares during the last quarter. Invesco Ltd. purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth approximately $1,010,000. Cerity Partners LLC lifted its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 16.1% in the 4th quarter. Cerity Partners LLC now owns 80,836 shares of the exchange traded fund’s stock worth $34,398,000 after acquiring an additional 11,193 shares during the last quarter. Finally, Polymer Capital Management HK LTD boosted its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 763.6% in the 4th quarter. Polymer Capital Management HK LTD now owns 4,750 shares of the exchange traded fund’s stock valued at $2,021,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.1 %

Shares of NYSEARCA:DIA opened at $425.82 on Wednesday. The stock has a market cap of $37.83 billion, a PE ratio of 22.75 and a beta of 0.94. The company’s fifty day moving average is $435.00 and its 200 day moving average is $431.40. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $376.14 and a 52 week high of $451.55.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently disclosed 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 of this dividend was 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.