State Street SPDR Dow Jones (DIA) Sells Goldman Sachs and Caterpillar on Oct. 23
This article first appeared on GuruFocus.
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) extended a broad trimming streak in Friday’s session, selling $208.5 million of stock with no purchases. The ETF activity cut all 30 of its positions and increased none, leaving net bought at -$208.5 million against $45.80 billion in assets.
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What did DIA sell on Friday?
Its largest sells by dollar value were GS ($20.8 million), CAT ($16.3 million) and MSFT ($12.4 million).
Goldman Sachs Group Inc. was the largest sell, down 23,736 shares for -$20.8 million at a 9.97% weight. Caterpillar Inc. followed with -$16.3 million, then Microsoft Corp. at -$12.4 million, Amgen Inc. at -$10.4 million and UnitedHealth Group Inc. at -$9.9 million, each down 23,736 shares. No positions were new or fully exited.
How does DIA invest?
DIA is an Equity US fund in the Equity asset class holding 30 stocks, with 54.3% of assets in its 10 largest holdings. Financial Services accounts for 26.5% of classified stocks, Technology 19.3% and Industrials 14.5%, and the portfolio is 100.0% large-cap. It charges 0.16%, and its top holdings are Goldman Sachs at 9.97%, Caterpillar at 7.82%, Microsoft at 5.97%, Amgen at 5.0% and UnitedHealth at 4.76%. The fund has a GF Score of 85, a P/E of 20.12, a P/B of 5.06, a dividend yield of 0.26% and a year-to-date return of 10.04%.
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.
What should investors watch next for DIA?
Watch whether the next holdings update brings a second straight round of cuts across all 30 names or a return to buying. Also watch whether Goldman Sachs and Caterpillar stay near the top of the weightings after the trims.