As the Dow Turns 125, This ETF Gives It a New Spin

th birthday.
In the world of exchange traded funds, there are plenty of ways with which to celebrate the Dow’s big birthday. That group includes the
DJD follows the Dow Jones Industrial Average Yield Weighted Index. That’s a unique spin on the traditional Dow, which weights components by price tag. That means the member firm with the highest price commands the largest percentage of the index and so on. As of May 26, UnitedHealth (NYSE: UNH) is the traditional Dow’s biggest component at a weight of 7.92%.
DJD, which turns six years old in December, takes a different tact. Its holdings are weighted by trailing 12-month dividend yield, meaning a company must be a dividend payer to be included in the fund in the first place. That requirement means 2020 dividend offender Boeing (NYSE: BA) isn’t a part of the DJD roster.

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