American Express Accounts for 4.35% of Dow ETF and 2.48% of Granny Shots
American Express Co represents 2.48% of the Fundstrat Granny Shots US Large Cap ETF and 4.35% of the SPDR Dow Jones Industrial Average ETF, ranking 23rd and seventh largest holdings respectively. The Granny Shots fund is down 0.32% year-to-date versus a 3.46% gain for the Dow Jones ETF, underscoring AXP’s index influence.
1. AXP Weightings in Major ETFs
American Express Co holds a 2.48% weight in the Fundstrat Granny Shots US Large Cap ETF, making it the fund’s 23rd largest position, and a 4.35% weight in the SPDR Dow Jones Industrial Average ETF, ranking seventh among its 30 components.
2. ETF Performance and Implications for AXP
The Granny Shots ETF has declined 0.32% year-to-date while the Dow Jones ETF has risen 3.46%, highlighting how AXP’s larger index weighting could influence fund flows and stock demand depending on relative ETF performance.