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The Dow Jones Utility Average (also known as the "Dow Jones Utilities") is a stock index from Dow Jones Indexes that keeps track of the performance of 15 prominent utility companies.
Contents
Components
The current components on the Dow Jones Utilities are as follows (company name followed by ticker symbol):
(as of Sept 30, 2014)
Effective October 1, 2014, American Water was added.
The Dow Jones Utilities is a price-weighted average.
History
Was created in 1929 when all utility stocks were removed from the Dow Jones Industrial Average
On April 20, 1965, the index closed at 163.32. On September 13, 1974, the index closed at 57.93.
Investing
There is no fund that tracks this index. There are funds that have very similar behavior, such as Utilities Select Sector SPDR (NYSE Arca: XLU).
References
Dow Jones Utility Average Wikipedia(Text) CC BY-SA