SPDR Dow Jones Industrial Average (DIA:$399.21) hits year-high 6th time in three months 16 May 2024

SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA $399.21), the 49th largest Exchange Traded Fund by market cap in the United States, hit a 52-week high of $400.99 during the day, but closed lower at $399.21. In the last one month the ETF has hit a new 52-week high two times and in the last three months six times.

The ETF price has fallen 7.0c (or 0.02%) from its last trading session of May 15 to close at $399.21, ending a two-day streak of rises.

Its MCap is $34.1 billion.

ASSETS UNDER MANAGEMENT (AUM): $33.6 billion

Assets under management of SPDR Dow Jones Industrial Average were $33.6 billion as on May. 16, 2024.

Inflows of $299 million comprised a jump of 0.897% in its AUM on that date.

Net Flows [USD]AUM [USD]AUM Change %
Today299 million33.6 billion0.897
1 week581 million33.1 billion1.757
1 month1 billion32.6 billion3.072

THE PAST WEEK [Price up 1.0% to $399.28]

In the past week the ETF rose on 3 days, fell on 1 day and was untraded on 1 day.

DAYHeadlineClose price [USD]Price Change %Comment
May 15(DIA:$399.28) hits year-high 5th time in three months399.280.94Top Rise
May 14(DIA:$395.58) rises in 4 out of last 5 days395.580.28
May 13(DIA:$394.46) falls on thin volume394.46-0.18Steepest Fall
May 10(DIA:$395.18) in 8th consecutive rise, nears two-month high395.180.3

Bullish Signals: Stocks hitting highs

SPDR Dow Jones Industrial Average (DIA: $399.79) hits year-high 6th time in three months

SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) hit a 52-week high of $400.07 Thursday morning.

The ETF price has increased 51.0c (0.1%) to trade at $399.79 at 10:02 am, Thursday.

There were 414,614 units worth $165.8 million traded so far today. The volume was 0.1 times the average trading volume of 3.8 million units since open.

SPDR Dow Jones Industrial Average ETF Trust is ETF's 10th largest Blend fund company by market cap.

SECTION 1

SPDR DOW JONES INDUSTRIAL AVERAGE BULLISH SIGNALS

1.1 Technicals:

+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 392.56 minus the 26-day EMA of 389.27 is positive 3.29 suggesting a bullish signal. Both EMA prices are rising, another bullish signal.

+ Rises to Falls: in the past month the number of rises outnumbered falls 17:6 or 2.8:1.

+ In the last three months the ETF has hit a new 52-week high six times, pointing to an uptrend.

+ The present value of $1,000 (PV1000) invested one year ago in SPDR Dow Jones Industrial Average is $1,243, comprising a capital gain of $226 and dividend reinvested of $17. A comparison with Morgan Stanley Capital International World Index [MSCI World] is shown below:

PV$10001-week1-month1-year
DIA.P1,0131,0511,243
MSCI World

+ The present value of USD1,000 (PV1000) invested five years ago in SPDR Dow Jones Industrial Average is $1,835, including a capital gain of $683 and dividend reinvested of $151.

+ 5 years Multiplier in USD = 1.835x

+ Compound Annual Growth Rate (CAGR) in USD = 12.9%

1.2 High Performance Indicator:

DescriptionValueRank In Market
Today's Turnover$1.1 billionIn Top 2%

SECTION 2

SPDR DOW JONES INDUSTRIAL AVERAGE BEARISH SIGNALS

2.1 Technicals:

+ The 0.4% discount to 12-month high of $400.99 against the 24.0% premium to 12-month low of $321.87 suggests the climb might be peaking.

2.2 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 78.3 has penetrated the overbought line of 70, suggesting the price gain of 4% in the last 14 days is unusually high.

+ The ETF is overbought according to the Williams % R indicator of -7.7, suggesting the price is close to its 14-day high of $400.99.

+ The Money Flow Index [MFI] is 87.3 suggesting an overbought 14-day trend, being above 80. The Money Ratio of 6.9 suggests positive money flow was 6.9 times negative money flow.

+ The Stochastic indicator of 94.2 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Momentum:

+ Volume: there were 2,866,403 units worth $1.1 billion traded today. In the past week, volume was 0.8 times average and the units were up 1.3%. The volume was 0.8 times the average daily trading of 3.8 million units.

3.2 Trailing 3 months

Turnover$88.5 billion
Volume228,180,839
Volume Index (1 is avg)0.9

3.3 Trailing Price Change %

Price Change %QuarterYear3 Years
DIA3.422.622.1
MSCI World---

3.4 MCap: 5-Year Increase of $12 B (57%)

In the past 5 years Market Capitalization has increased by $12.4 billion (57%) from $21.7 billion to $34.1 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years.

Close PriceMCap ($ B)
Last$399.2834.1
1 Year ago$329.1127.9
2 Years ago$311.3627.8
3 Years ago$327.0530.1
4 Years ago$220.1118.8
5 Years ago$236.2721.7

3.5 Moving Annual Return of 24.1% in the past year:

Moving Annual Return was 24.1% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 14.4%. The Moving Annual Return has been positive in 3 of the last 5 years.

DIAClose ($)Dividends ($)Capital Gain / (Loss) %% YieldAnnual Return %
May 16399.214.9322.61.524.1
1 Yr ago325.746.534.62.16.7
2 Yrs ago311.365.91(4.8)1.8(3.0)
3 Yrs ago327.051.6846.60.847.4
4 Yrs ago223.086.51(5.9)2.7(3.2)

Close 5 years ago $237.14

3.6 Year-on-Year Comparison (Trailing year - ended 29 Mar)

In the past 5 years, DIA has jumped 67.1% from 238.01 to 397.76, an average annual compound rise of 10.8%.

202420232022202120202019
Close397.76322.34340.94314.98208.97238.01
% Price Change23.4-5.58.250.7-12.29.5
Avg Daily Volume3,393,6024,046,1484,957,3123,493,6172,770,8293,358,942
VWP352.78317.66332.58266238.02226.55
Turnover Period41 d31 d27 d44 d40 d40 d
Price Range321.87 - 398.82279.66 - 342.91310.99 - 355.3195.11 - 316.12171.49 - 277.02198.57 - 245.06

SECTION 4

RANKING

4.1 Global Rank out of 4,099 ETFs

The present value of $US1,000 invested a year ago is $US1,243, ranking it 817 out of 4,099 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 70.

DescriptionValueRankQuartile
Net Assets (US$)20.8B51Top
Price/NAV1.01557Top
Rel Strength 6 Mo (US$)701247Second
PV$1000 (1Year) US$1,243817Top

4.2 Rank in the Total United States ETF Market [out of 2,512 ETFs]

DescriptionValueRank
Rel Strength 6 Mon ($)591027
PV1000-1Year ($)1,243811

SECTION 5

REPORTED BUYING AND SELLING

5.1 Top 5 Institutional Holders of SPDR Dow Jones Industrial Average as at December 31, 2023

As at December 31, 2023, 1030 Institutions (Funds) held investments in units of SPDR Dow Jones Industrial Average. Institutions increased their holdings to 36.8% of issued capital, up from 28.5% as at Sep 30. The largest unitholder was Morgan Stanley with 6% of SPDR Dow Jones Industrial Average. The second largest unitholder was Bank of America Corp, DE with 2%.

*Note: Minimum Core Unitholding is computed on the basis of SEC filings over the last 12 quarters (3 years). A higher % of unitholding above the minimum core holding may be indicative of a potential positioning by an active institution to overweight.

SPDR Dow Jones Industrial Average Top 4 Active Funds (in desc order of Units) hold 10.8% [second last column shows % above minimum core unitholding; last column shows percentile rank by AUM (Assets Under Management) among 6832 Funds]. Please download the spreadsheet to view full list of 442 Active Funds holding 27.1% of SPDR Dow Jones Industrial Average as at December 31, 2023.

FundUnits% of TotalValue $% above Core*Percentile rank
Morgan Stanley (0000895421)4,943,05661.9 B70100
Goldman Sachs Group Inc. (0000886982)1,537,1952578.1 M962100
Millennium Management LLC (0001273087)1,516,0912570.2 M128,16599
LPL Financial LLC (0001403438)1,308,9952492.3 M4499
% Held by Top 4 Institutional unitholders9,305,33710.83.5 B--

SPDR Dow Jones Industrial Average Top 1 Index Funds (in desc order of Units) hold 2.4% [second last column shows % above minimum core unitholding; last column shows percentile rank by AUM (Assets Under Management) among 6832 Funds]. Please download the spreadsheet to view full list of 589 Index Funds holding 9.2% of SPDR Dow Jones Industrial Average as at December 31, 2023.

FundUnits% of TotalValue $% above Core*Percentile rank
Bank of America Corp, DE (0000070858)2,074,1442780 M-100
% Held by Top 1 Institutional unitholders2,074,1442.4780 M--

5.2 Institutional ownership of DIA at Dec 31: Jane Street Group top increase of 2,744%

As at December 31, 2023, 42 institutions or 4.0% of DIA's institutional unitholders had increased their holding of units in SPDR Dow Jones Industrial Average from September 30. The top increase was by Jane Street Group which increased its holding by 931,237 units, or 2,743.8% to 965,177 units.

Top 5 Increases [December 31, 2023 vs September 30, 2023]

Value is shown in the table below at December 31 DIA unit price of $376.07.

Institution (CIK)UnitsValue, $% increase
Jane Street Group, LLC (0001595888)931,237325.1 M2,743.8
Millennium Management LLC (0001273087)1,396,011487.4 M1,162.6
GTS SECURITIES LLC (0001452765)252,86088.3 M329.9
Goldman Sachs Group Inc. (0000886982)1,175,665410.5 M325.2
JP Morgan Chase & Co (0000019617)196,26168.5 M85.2
Total3,952,0341.4 billion-

5.3 Institutional ownership of DIA at Dec 31: TD Waterhouse Canada top decrease of 87%

37 Institutional unitholders decreased their holdings in Q4/2023. The top decrease was TD Waterhouse Canada who reduced their unitholding in SPDR Dow Jones Industrial Average by 225,903 units (86.6%) from 260,881 as at September 30 to 34,978 as at December 31.

Top 5 Decreases [December 31, 2023 vs September 30, 2023]

Value is shown in the table below at December 31 DIA unit price of $376.07.

Institution (CIK)UnitsValue, $% Decreases
TD Waterhouse Canada Inc. (0001999606)225,903(78.9 M)-86.6
Citigroup Inc. (0000831001)183,701(64.1 M)-83.4
Manufacturers Life Insurance Company (0000928047)215,050(75.1 M)-78.4
Northwestern Mutual Wealth Management Co (0001141802)297,132(103.7 M)-50.5
Private Advisor Group, LLC (0001567755)43,813(15.3 M)-33.9
Total965,599(337.1 million)-

5.4 Institutional ownership of DIA at Dec 31: COMMONWEALTH EQUITY SERVICES top new unitholder

An analysis conducted after the mid - quarter deadline of February 14 for Q4 SEC filings by 6997 institutions shows that there were 5 new institutional unitholders. COMMONWEALTH EQUITY SERVICES (312272) was the largest new unitholder with 241,167 units valued at $90.7 million as at December 31.

Top 5 New unitholders as at December 31, 2023

Value is shown at price of December 31, 2023 (in desc order of Units)

Value is shown in the table below at December 31 DIA unit price of $376.07.

Institution (CIK)UnitsValue, $
COMMONWEALTH EQUITY SERVICES, LLC (0000312272)241,16790.7 M
Susquehanna International Group, LLP (0001446194)125,55047.2 M
Financial Services Advisory Inc (0001731221)84,40831.7 M
Capital Management Associates, Inc (0002008851)19,2287.2 M
Worth Asset Management, LLC (0001927285)17,3046.5 M
Total487,657183.4 million

5.5 Institutional ownership of DIA at Dec 31: Squarepoint OPS LLC top exit

An analysis conducted after the mid - quarter deadline of February 14 for 20234 SEC filings by 6997 institutions shows that there were 5 exits. Squarepoint OPS LLC was the largest exit with 229,682 units valued at 76.6 M as at December 31.

Institution (CIK)UnitsValue, $
Squarepoint OPS LLC (0001642575)229,68276.6 M
Twin Tree Management, LP (0001535588)191,48163.8 M
Simplex Trading, LLC (0001488542)130,63143.5 M
First Republic Investment Management, Inc. (0001418204)127,37042.5 M
Wolverine Trading, LLC (0000927337)105,87435.3 M
Total785,038261.7 million

SECTION 6

PROFILE

6.1 Description

SPDR Dow Jones Industrial Average ETF Trust is an investment trust incorporated in the USA. The Trust consists of a portfolio representing all 30 stocks in the Dow Jones Industrial Average. The Trust entitles its holders to proportional monthly cash payments representing dividends paid by the underlying stocks. The Initial Index ratio upon inception was 1/100 of INDU.

6.2 SNAPSHOT

SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA)

ISIN: US78467X1090

Inception DateJanuary 14, 1998
Expense Ratio0.2% of average net assets
CategoryBlend - Large Cap
Fund Family NameState Street SPDR
Index TrackedDow Jones Industrial Average
Asset ClassEquity

6.3 Contact Details

Websitehttps://www.spdrs.com/product/fund.seam?ticker=DIA
Physical Address Amex ETF Services 86 Trinity Place New York, NY 10006 UNITED STATES
Phone (212) 306-1844

6.4 SPDR DOW JONES INDUSTRIAL AVERAGE (DIA) ETF Dashboard [traded in US Dollars, USD] End-of-Day Thu, May 16

https://www.spdrs.com/product/fund.seam?ticker=DIA

Last$399.21Market Cap$34 billion
Units Outstanding85,390,000ExchangeETF [Netherlands, NYSE, Singapore, BATS]
Institutional Ownership31,784,684% of units outstanding36.8%
Today's Volume2,866,403SectorBlend Fund [of 104 stocks]
Ave Daily Volume3,775,802 unitsToday's VI*0.8
52-Week Price Range321.87 - 400.99PV$1000 (1 yr)$1,243

VI* Volume Index = Number of shares traded today/Average number of shares traded per day.

A year ago the SPDR Dow Jones Industrial Average unit price was $325.74. $1,000 would have bought 3.1 SPDR Dow Jones Industrial Average unit on that day. Those 3.1 Units would be worth $1,226 at today's unit price of $399.21. Dividends reinvested are worth $17. PV$1000= $1,243.

6.5 Fund Managers and Management Fees

+ The managers of the ETF are Cyrus Taraporevala and Steven Lipiner and John A Tucker. The management fee is 0.18% of total assets

SECTION 7

DIVIDEND

Dividend:0.6
Dividend Date:February 16, 2024
Dividend Yield:1.2%
Annual Dividend:$4.93

SECTION 8

TOP HOLDINGS & PORTFOLIO ALLOCATION

8.1 Top Holdings (March 11, 2024)

HoldingsWeight (%)
UnitedHealth Group Inc8.3
Microsoft Corp6.9
The Goldman Sachs Group Inc6.5
The Home Depot Inc6.4
Caterpillar Inc5.6
Salesforce Inc5.2
McDonald' s Corp4.9
Visa Inc Class A4.7
Amgen Inc4.6
The Travelers Companies Inc3.7

8.2 Asset Allocation (January 12, 2024)

Asset Class%
Share/Common/Ordinary99.7
CASH0.3

DIA.P

CIK: 1041130

CUSIP: 78467X109

Source: www.BuySellSignals.com