Pinnacle Wealth Management Advisory Group LLC Lowers Position in SPDR Dow Jones Industrial Average ETF Trust $DIA

Pinnacle Wealth Management Advisory Group LLC cut its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,983 shares of the exchange traded fund’s stock after selling 1,083 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $5,759,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC grew its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 50 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 3rd quarter worth $32,000. Investment Research & Advisory Group Inc. purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $34,000. Dorato Capital Management purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $37,000. Finally, Elevated Capital Advisors LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the 4th quarter worth $38,000. 37.11% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of SPDR Dow Jones Industrial Average ETF Trust stock opened at $495.02 on Monday. The business has a 50-day moving average of $478.13 and a 200 day moving average of $480.66. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $407.51 and a 12 month high of $505.30. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 22.20 and a beta of 0.87.

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.