SPDRs - SPDRS (Spiders) are designed to track the value of the Standard & Poors 500 Composite Price Index. They are known as Spiders which is short for Standard&Poors Depositary Receipt. They trade on the American Stock Exchange under the symbol SPY. They are similar to closed-end funds but are formally known as, UIT, a unit investment trust. One SPDR unit is valued at approximately one tenth (1/10) of the value of the S&P 500. Dividends are disbursed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. See: Mid-cap SPDR
SPDRs : spdrs (spiders) are designed to track the value of the standard & poors 500 composite price index. they are known as spiders which is short for standard&poors depositary receipt. they trade on the american stock exchange under the symbol spy. they are similar to closed-end funds but are formally known as, uit, a unit investment trust. one spdr unit is valued at approximately one tenth (1/10) of the value of the s&p 500. dividends are disbursed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. see: mid-cap spdr
SPDRs