Pinnacle Associates Ltd. Has $23.61 Million Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Pinnacle Associates Ltd. lessened its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 4.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 50,910 shares of the exchange traded fund’s stock after selling 2,335 shares during the period. Pinnacle Associates Ltd.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $23,609,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at about $27,000. McIlrath & Eck LLC raised its holdings in SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in the 2nd quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 60 shares during the period. Pineridge Advisors LLC acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth approximately $32,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter worth approximately $32,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 1.0%

DIA opened at $475.23 on Monday. The stock’s 50 day simple moving average is $491.40 and its 200-day simple moving average is $476.38. The stock has a market cap of $42.31 billion, a PE ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $366.32 and a 1 year high of $505.30.

SPDR Dow Jones Industrial Average ETF Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.6131 per share. This is an increase from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, February 20th.

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.