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Dia stock etf9/5/2023 ![]() It holds 29 stocks in its basket, with none accounting for more than 8% of the assets. Invesco Dow Jones Industrial Average Dividend ETF offers exposure to dividend-paying companies included in the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. Invesco Dow Jones Industrial Average Dividend ETF (DJD) It charges 20 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. ETF has amassed $1.7 billion in its asset base while trading in an average daily volume of 43,000 shares. ![]() Information technology takes the largest share at 27.6%, while financials, healthcare and consumer discretionary round off the next spots with double-digit exposure each. Index, holding 1097 stocks in its basket, with none accounting for more than 6.8% of the assets. SPDR Dow Jones Industrial Average ETF charges 16 bps in annual fees and has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook. Financials (20.4%), information technology (18.9%), healthcare (18.8%), industrials (14.7%) and consumer discretionary (13.6%) are the top five sectors. Holding 30 blue-chip stocks, the fund is widely spread across components, each having less than 9.5% share. SPDR Dow Jones Industrial Average ETF is one of the largest and most popular ETFs in the large-cap space, with AUM of $30.7 billion and an average daily volume of 3 million shares. SPDR Dow Jones Industrial Average ETF (DIA) Meanwhile, homebuilder sentiment also climbed for the seventh straight month and is hovering at the highest level since June 2022. ![]() Consumer sentiment, as indicated by the University of Michigan preliminary index, jumped to an almost two-year high in July. Easing inflation indicates that the economy is stabilizing and interest rates may decline. ![]() The Consumer Price Index rose 3% year over year and 0.2% over the last month. consumer prices in June registered their smallest annual increase in over two years, reviving hopes that the Fed was nearing the end of its interest rate increases. Being cyclical in nature, the blue-chip index outperforms when economic growth improves. The rounds of solid corporate earnings from Dow constituents like Johnson & Johnson ( JNJ - Free Report), Travelers ( TRV - Free Report), UnitedHealth ( UNH - Free Report), Morgan Stanley ( MS - Free Report) and Bank of America ( BAC - Free Report) are driving the blue-chip index higher.įurther, improving economic indicators, such as strong job numbers, rising consumer spending, and robust manufacturing activity, helped Dow Jones to move higher. The Dow Jones is currently valued at a P/E ratio of 18.64 times forward 12 months compared with the S&P 500’s 20.37 and Nasdaq 100’s 29.32, according to the data from Barron’s.Īdditionally, earnings optimism is instilling confidence in the blue-chip index. Value stocks and other previously lagging sectors of the market are rebounding over the past two weeks as investors are looking for undervalued or underperforming stocks. The comeback is mainly driven by rotation to value stocks. ![]() ETF ( IYY - Free Report), Invesco Dow Jones Industrial Average Dividend ETF ( DJD - Free Report), ProShares Ultra Dow30 ETF ( DDM - Free Report) and ProShares UltraPro Dow30 ( UDOW - Free Report). Investors seeking to tap the rebound in the Dow Jones trend can consider SPDR Dow Jones Industrial Average ETF ( DIA - Free Report), iShares Dow Jones U.S. The blue-chip gauge climbed for nine consecutive sessions, marking the longest winning streak since Sep 20, 2017. After lagging the S&P 500 and Nasdaq for most of the year, the Dow Jones Industrial Average is finally catching up. ![]()
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