Each of the 30 members of the Dow Jones Industrial Average pays a dividend, but it was not until December that an issuer of exchange-traded funds decided to spin the Dow on a yield-weighted basis.
That ETF is the Guggenheim Dow Jones Industrial Average Dividend ETF (NYSE: DJD). DJD tracks the Dow Jones Industrial Average Yield Weighted Index, which, as its name implies, is the yield-weighted answer to the price-weighted Dow. So, while the traditional Dow's largest holding will be the stock with the highest price tag, currently 3M Co (NYSE: MMM), DJD's biggest holding will be the Dow stock with largest dividend yield.
DJD's largest ...
/www.benzinga.com/trading-ideas/long-ideas/16/07/8246085/yield-works-for-the-other-dow-etf alt=Yield Works For The Other Dow ETF>Full story available on Benzinga.com
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