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

Pinnacle Holdings LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 makes up about 4.2% of Pinnacle Holdings LLC’s investment portfolio, making the stock its largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth approximately $746,000. Hudson Value Partners LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $219,000. Allied Private Wealth LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 7.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,654 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 116 shares during the period. Finally, Canandaigua National Bank & Trust Co. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth $3,298,000. 37.11% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

DIA stock opened at $532.22 on Monday. The stock has a market cap of $45.82 billion, a P/E ratio of 22.20 and a beta of 0.86. The stock’s fifty day simple moving average is $525.95 and its two-hundred day simple moving average is $501.89. SPDR Dow Jones Industrial Average ETF Trust has a 1-year low of $450.15 and a 1-year high of $546.75.

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.