DIA is the fourth largest ETF in the “U.S. Large Cap Value Equity” space, behind IWD (iShares Russell 1000 Value, Expense Ratio 0.22%), VIG (Vanguard Dividend Appreciation, Expense Ratio 0.13%), and DVY (iShares DJ Select Dividend, Expense Ratio 0.40%), and as one might expect there is overlap present in terms of Dow components appearing in these funds as well.
Yielding 2.38%, DIA also likely continues to hold its popularity in the overall ETF space as portfolio managers, as has been well documented in the media, have been generally very thirsty for yield in their equity allocations and large cap value
names typically fit this bill.
SPDR Dow Jones Industrial Average
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