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This article first appeared on GuruFocus.
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) showed one-sided ETF activity on Wednesday, selling $309.2 million of stock and buying nothing. The fund reduced all 30 of its positions, with no increases, against assets under management of $44.93 billion.
What did DIA sell on Wednesday?
Its largest sells by dollar value were GS ($31.3 million), CAT ($26.7 million) and MSFT ($19.0 million).
The largest sale was Goldman Sachs Group Inc., down $31.3 million, or 35,604 shares, leaving it at 10.12% of the portfolio. Caterpillar Inc. followed with a $26.7 million reduction, then Microsoft Corp. at $19.0 million, Amgen Inc. at $15.2 million and UnitedHealth Group Inc. at $14.1 million. No new positions were opened and no holdings were fully exited.
How does DIA invest?
DIA is an Equity US fund with $44.93 billion in assets, holding 30 stocks, with 55.0% of assets in its top 10. Financial Services accounts for 26.4% of classified stocks, Technology 19.3% and Industrials 15.0%. All holdings are large-cap. It has an expense ratio of 0.16%, a GF Score of 84, a P/E of 20.12, a P/B of 5.06, a dividend yield of 1.51% and a year-to-date return of 9.64%. Its top holdings are Goldman Sachs Group Inc. at 10.12%, Caterpillar Inc. at 8.62%, Microsoft Corp. at 6.14%, Amgen Inc. at 4.91% and UnitedHealth Group Inc. at 4.56%.
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at a glance
See the full State Street SPDR Dow Jones Industrial Average ETF Trust profile, or compare it with similar funds in the ETF Screener. Its biggest sell this time, GS, has its own GF Value page and stock summary.
More on GuruFocus: ETF Trends | ETF Screener
What should investors watch next for DIA?
Watch whether the next update brings any buying after Wednesday’s broad reduction across all 30 holdings, and whether the fund continues trimming its largest positions such as Goldman Sachs and Caterpillar.
