ETFs For Caterpillar's Shareholders Meeting

Dow darling Caterpillar (NYSE: CAT), the world's largest maker of construction and mining equipment, kicks off its annual shareholders meeting today in Arkansas and while the Cat confab isn't is widely as anticipated as Apple (Nasdaq: AAPL) developer's conference or the annual Berkshire Hathaway (NYSE: BRK.A, BRK.B) shareholders meeting, it could still be an event worth watching.

Caterpillar shares have tumbled more than 14% from their 52-week high set last month, but the stock is still one of the highest-priced in the Dow, a price-weighted index, so it would be good for the blue-chip index if Caterpillar gets its act together.

The reasons to monitor Caterpillar's shareholders meeting include a possible dividend hike as this is the time of year when the company typically rewards investors. Not to mention a possible stock split has been speculated on. Here are the ETF's to keep an eye on.

1) SPDR Dow Jones Industrial Average ETF (NYSE: DIA): Obviously, there are 29 other holdings to think about when it comes to DIA, but based on the current weightings, Caterpillar is the second-largest stock in this ETF with a weight of 6.25%.

2) Industrial Select Sector SPDR (NYSE: XLI): XLI is a direct play on industrials, but the impact the Dow has on this ETF is palpable. CAT is XLI's fourth-largest holding at 5%.

3) Market Vectors Coal ETF (NYSE: KOL): Caterpillar doesn't have a home in KOL, but many of KOL's constituents are Caterpillar customers. Plus, the company is acquiring KOL holding Bucyrus (Nasdaq: BUCY). Any comments from Caterpillar regarding demand outlook have the potential to move KOL.

4) Vanguard Dividend Appreciation ETF (NYSE: VIG): Assuming Caterpillar delivers some positive dividend news, VIG could see a small bounce as Caterpillar is the ETF's tenth-largest holding.