Exploring DIA ETF: Understanding Dow Jones Industrial Average ETF, SPDR® Dow Jones Industrial Average, and Trust in Stock Opportunities
DIA - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| DIA | ETF | Equity | Passive | Quarterly | US | 0.16% | State Street Global Advisors |
DIA Overview - The SPDR Dow Jones Industrial Average ETF Trust
The DIA ETF (SPDR Dow Jones Industrial Average ETF Trust) is a widely recognized exchange-traded fund (ETF) that closely tracks the performance of the Dow Jones Industrial Average (DJIA) index, an iconic benchmark representing the performance of thirty large-cap U.S. stocks. With its primary objective being to mirror the investment results of the DJIA index, DIA holds a diversified portfolio of stocks from companies spanning various sectors of the economy, offering investors broad exposure to the U.S. market.
One of the standout features of DIA is its low expense ratio, positioning it as one of the most cost-effective options among ETFs tracking the DJIA index. This low-cost structure is appealing to investors seeking efficient ways to invest in the stock market while minimizing expenses that could potentially diminish returns over time.
Investors in DIA can benefit from the potential for long-term capital appreciation, given the stable growth and profitability exhibited by the companies comprising the DJIA index. Moreover, DIA provides investors with dividend income, as many of the companies within the DJIA index distribute dividends to their shareholders.
Overall, DIA offers investors a straightforward and effective means to participate in the performance of the renowned DJIA index, making it a favored choice for those seeking diversified exposure to large-cap U.S. equities. For further insights into DIA's fund performance and characteristics, investors can refer to reputable financial analysis platforms such as Morningstar and TipRanks.
DIA - Price / Yield
DIA - Portfolio and Asset Allocation
The DIA ETF (SPDR Dow Jones Industrial Average ETF Trust) is a fund focusing on large-cap U.S. stocks across various sectors. The top 10 holdings reveal a mix of companies from different industries, such as healthcare (Unitedhealth Group Inc., Amgen Inc.), financials (Goldman Sachs Group, American Express Company), technology (Microsoft), industrials (Caterpillar, Home Depot), and consumer staples (McDonald's Corporation).
The sector breakdown further reinforces the fund's diversification strategy, with investments spread across multiple sectors. Financials (23.19%) and Technology (18.62%) make up the largest allocations, followed by Healthcare (18.35%) and Consumer Cyclical (14.98%). This sector distribution suggests that the fund managers seek to balance income generation and growth potential while managing risk through exposure to a variety of industries.
The presence of companies like Unitedhealth Group Inc., Microsoft, and McDonald's Corporation among the top holdings indicates a focus on established companies with strong market positions. These companies often have a history of consistent performance and are generally considered to be more stable investments.
However, it's important to note that the fund also has exposure to sectors like Communication Services (2.43%) and Energy (2.76%), which can be more volatile and sensitive to market conditions. Nonetheless, the relatively lower allocations to these sectors suggest that the fund managers are cautious about overexposure to potentially risky areas.
Top 10 Holdings
As of May 10, 2024, the top 10 holdings of the SPDR Dow Jones Industrial Average ETF Trust (DIA) are:
| Name | Weight |
|---|---|
| Unitedhealth Group Inc. | 8.52% |
| Goldman Sachs Group | 7.55% |
| Microsoft | 6.89% |
| Caterpillar | 5.89% |
| Home Depot | 5.76% |
| Amgen Inc | 5.15% |
| Visa Inc. | 4.66% |
| Salesforce.com | 4.60% |
| McDonald's Corporation | 4.57% |
| American Express Company | 4.03% |
Asset Allocation
The SPDR Dow Jones Industrial Average ETF Trust (DIA) has the following asset allocation as of May 10, 2024:
| Sector | Weight |
|---|---|
| Financial | 23.19% |
| Technology | 18.62% |
| Healthcare | 18.35% |
| Consumer Cyclical | 14.98% |
| Industrials | 13.86% |
| Consumer Defensive | 4.83% |
| Energy | 2.76% |
| Communication Services | 2.43% |
| Basic Materials | 0.99% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
DIA Dividend Data |
The DIA ETF (SPDR Dow Jones Industrial Average ETF Trust) pays quarterly dividends. The most recent ex-dividend date was on April 22, 2024, with a dividend payment of $1.25 per share on April 26, 2024. |
DIA Dividend Yield |
As of May 12, 2024, the 30-day SEC yield for DIA is 1.76%. This means that for every $100 invested in the fund, investors would receive approximately $1.76 in dividends per year, assuming the yield remains constant. |
DIA Dividend History |
DIA has a history of paying quarterly dividends. The dividend payments may fluctuate based on the performance of the underlying dividend-paying stocks held by the fund¹. |
DIA Dividend Growth |
DIA's dividend payments are dependent on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not guaranteed. |
DIA Dividend Stability |
DIA aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of companies within the Dow Jones Industrial Average. However, the dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the fund's portfolio. |
DIA - Chart
DIA - Comparative Analysis
Let's compare DIA with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of May 2024)
| DIA | SPY | QQQ | |
|---|---|---|---|
| Investment Focus | Tracks the performance of the Dow Jones Industrial Average | Tracks the performance of the S&P 500 Index | Tracks the performance of the Nasdaq-100 Index |
| Current Yield | 1.76% | 1.45% | 0.45% |
| Expense Ratio | 0.16% | 0.09% | 0.20% |
| Investment Strategy | Passively tracks the Dow Jones Industrial Average | Passively tracks the S&P 500 Index | Passively tracks the Nasdaq-100 Index |
| Strengths | Broad exposure to blue-chip industrial stocks, reflects the performance of the Dow Jones Industrial Average | Broad exposure to large-cap U.S. stocks, highly liquid | Focuses on technology and growth-oriented stocks, high liquidity |
| Weaknesses | No diversification beyond Dow Jones Industrial Average | May have slightly higher expense ratio compared to DIA and QQQ | Concentration in technology sector, may be more volatile |
Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| Apr 19, 2024 | $0.20 | Apr 22, 2024 | May 13, 2024 |
| Mar 15, 2024 | $0.93 | Mar 18, 2024 | Apr 15, 2024 |
| Feb 16, 2024 | $0.61 | Feb 20, 2024 | Mar 11, 2024 |
| Jan 19, 2024 | $0.21 | Jan 22, 2024 | Feb 12, 2024 |
| Dec 15, 2023 | $0.83 | Dec 18, 2023 | Jan 16, 2024 |
News
Technical Analysis
Additional Information and Risks
The SPDR® Dow Jones Industrial Average ETF (DIA) is an ETF trust that seeks to provide investment results that correspond generally to the price and yield performance of the DJIA, a price-weighted index of 30 large-cap US stocks. Investors can assess DIA stock information, including the average of current share price and current share price divided, through platforms like Yahoo Finance.
DIA comprises component common stocks that comprise the DJIA, aiming to track the price-weighted index of these 30 large-cap US stocks. Investors should review fund flows, ETF trends, and ETF database information to evaluate past performance and potential future performance.
DIA investors are encouraged to understand the charges and expenses associated with the fund, as well as the guarantee of any future performance. Investors may consult financial advisors and review fund characteristics before considering buying or selling shares of the ETF.
The DIA ETF is managed by S&P Dow Jones Indices LLC and licensed for use by State Street Global. It contains net asset value per share and stock trading data. However, investors should note that materials have not been submitted and should not be taken as an indication of future performance. Additionally, investors can access fund performance, fund metrics products, and social and governance data for insights into the DIA performance.
The DIA fund tracks a price-weighted index of 30 large-cap US stocks and provides exposure to multi-asset class mutual funds globally. Investors interested in buying or selling shares of DIA can find stock price quotes and closing prices through various financial instruments. ETF trends and ETF database can offer valuable insights into the performance of the Dow Jones Industrial Average index and the industrial average ETF trust stock.
DIA investors may also consider the weighted average of the underlyings and the unit investment trust structure when making investment decisions. It's essential to consider the funds and their fees or expenses before investing, and obtain a prospectus for detailed information on fund characteristics.