What SPDR Dow Jones Industrial Average ETF (DIA) Bought: Goldman Leads on Tuesday

This article first appeared on GuruFocus.

State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) recorded net buying of $366.9 million on Tuesday, with gross ETF activity of $366.9 million. DIA increased all 30 of its positions and decreased none, with no sells reported.

What did DIA buy on Tuesday?

Its largest buys by dollar value were GS ($36.8 million), CAT ($30.1 million) and MSFT ($22.1 million).

The largest buy was Goldman Sachs Group Inc., where DIA added 41,538 shares worth $36.8 million, bringing the position to a 10.02% weight. Caterpillar Inc. followed with 41,538 shares added for $30.1 million at an 8.21% weight, then Microsoft Corp. with 41,538 shares for $22.1 million at 6.02%. Amgen Inc. rose by 41,538 shares worth $18.2 million at a 4.97% weight, and UnitedHealth Group Inc. added 41,538 shares for $17.4 million at 4.75%. None of the top buys were new positions, and there were no exits.

How does DIA invest?

DIA is an Equity US fund in the Equity asset class with 30 holdings and 54.5% of assets in its 10 largest positions. Financial Services accounts for 26.5% of classified holdings, Technology 19.0% and Industrials 14.7%, and the portfolio is 100.0% large-cap. It has an expense ratio of 0.16%. Its top holdings are Goldman Sachs Group Inc. at 10.02%, Caterpillar Inc. at 8.21%, Microsoft Corp. at 6.02%, Amgen Inc. at 4.97% and UnitedHealth Group Inc. at 4.75%. The fund has a GF Score of 85, a P/E of 20.12, a P/B of 5.06, a dividend yield of 1.28% and a year-to-date return of 11.03%.

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 buy this time, GS, has its own GF Value page and stock summary.