Pinnacle Associates Ltd. Has $22.49 Million Stock Holdings in SPDR Dow Jones Industrial Average ETF Trust $DIA

Pinnacle Associates Ltd. decreased its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 8.1% in the 4th quarter, HoldingsChannel reports. The firm owned 46,798 shares of the exchange traded fund’s stock after selling 4,112 shares during the period. Pinnacle Associates Ltd.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $22,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 2.2% during the 4th quarter. Allworth Financial LP now owns 42,378 shares of the exchange traded fund’s stock valued at $20,366,000 after purchasing an additional 893 shares during the last quarter. Atria Investments Inc lifted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 0.5% during the 4th quarter. Atria Investments Inc now owns 115,202 shares of the exchange traded fund’s stock valued at $55,362,000 after purchasing an additional 611 shares during the last quarter. Summit Wealth Group LLC Co. acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth approximately $205,000. Atlantic Union Bankshares Corp lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 5.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 717 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 35 shares during the last quarter. Finally, World Investment Advisors lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 10.8% during the fourth quarter. World Investment Advisors now owns 12,803 shares of the exchange traded fund’s stock worth $6,153,000 after acquiring an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.2%

Shares of DIA stock opened at $497.14 on Thursday. The firm has a 50 day moving average price of $478.76 and a two-hundred day moving average price of $482.23. The company has a market capitalization of $43.10 billion, a PE ratio of 22.20 and a beta of 0.87. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $413.83 and a 12-month high of $505.30.

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.