Pinnacle Holdings LLC Takes Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Pinnacle Holdings LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 26,046 shares of the exchange traded fund’s stock, valued at approximately $13,606,000. SPDR Dow Jones Industrial Average ETF Trust comprises 4.2% of Pinnacle Holdings LLC’s investment portfolio, making the stock its largest holding.

A number of other hedge funds also recently modified their holdings of the stock. Allied Private Wealth LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at $26,000. McIlrath & Eck LLC raised its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 50 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at $30,000. IFC & Insurance Marketing Inc. bought a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the fourth quarter valued at $34,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $41,000. Institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

DIA stock opened at $532.22 on Monday. The stock has a fifty day moving average of $525.95 and a 200-day moving average of $501.89. SPDR Dow Jones Industrial Average ETF Trust has a fifty-two week low of $450.15 and a fifty-two week high of $546.75. The company has a market capitalization of $45.82 billion, a price-to-earnings ratio of 22.20 and a beta of 0.86.

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.