State Street Global Advisors is changing the name of the Dow Diamonds (NYSEArca: DIA) to the SPDR Dow Jones Industrial Average ETF to better reflect the firm’s unified brand. The change became effective on Feb. 26. [Two Indexes All ETF Investors Should Know.]
No changes are being made to the fund’s investment objective or ticker symbol. [All About the Dow.]
The ETF aims to track the price and yield performance of the Dow Jones Industrial Average, an index of 30 blue-chip U.S. stocks. By the end of January 2010, the ETF had about $8 billion in assets under management.
DIA is one of the giants of the ETF universe. The fund, which launched on Jan. 14, 1998, has more than $8 billion in assets and an average daily trading volume of nearly 14 million shares.
For more stories about DIA, visit our DIA category.
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