Dallas, Texas 10/25/2013 (Financialstrend) – SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is an exchange traded fund. It was designed to provide investors to get exposed to stock of companies which make up Dow Jones Industrial Average. The investment philosophy of the fund is to produce returns on its investments which will either match or over achieve the returns posted by Dow Jones Industrial Average. The exchange traded fund has invested into key tech stocks which figure among the top 30 stocks which trade on Dow Industrial Average.
Over the past 1 year, the ETF has provided a yield of $3.55 per share translating to a dividend yield of 2.29%. This is below par when one measurers the yield against Dow Jones Industrial index provided yield. Over the past one year investors in the stock have seen the net asset value of their holdings in this ETF go up by 19.1%. The growth over the past quarter has fizzled out to a mere 0.33%. During last week of trading this industry oriented fund saw itself creep up by only 0.97%. This was in spite of strong third quarter revenue and growth numbers being reported by the companies which are listed on the Dow Jones exchange.
Over the next few months, the ETF might face turbulence as the demand for industrial products might peak and slack as economists and manufacturers grapple with the data to determine the counters of Chinese economy growth over the next couple of courters. The case in point was trading yesterday which ended in positive territory bases on what experts term as “better than expected” trade data released by China. The positive performance on October 24 can be also related to Europe numbers steadying. At close of business on October 24, the stock was trading at $154.80 per share 0.64% up from its previous day close.