QUOTE AND NEWS
Wall Street Sector Selector  Jul 4  Comment 
I think we can rally to around 1,330 on the S&P now, but not make a new high above the 1,370 highs, which we saw in May. And then, in my view, we would be going down to maybe 1,150 on the S&P. I think the second half of August, September-Oct...
Wall Street Sector Selector  Jun 29  Comment 
NYSE:SPY, NYSE:OIH, NYSE:BAC, NASDAQ:AAPL, NASDAQ:BIDU, NASDAQ:SINA, NASDAQ:BORN, NYSE:POT, NYSE:CF, NYSE:OIH, NYSE:MOS, NYSE:FCX
Wall Street Sector Selector  Dec 13  Comment 
The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let’s jump into the charts and analysis to get better feel for what I feel is(...)Read the rest of Gold & The Overall...
Wall Street Sector Selector  Oct 12  Comment 
Reuters is reporting Credit Suisse equity derivatives strategist Mandy Xu, as urging investors to consider employing a risk reversal strategy on the SPDR S&P 500 ETF (NYSE:SPY). This would(...)Read the rest of Options Opportunity For The SPDR S&P...
Wall Street Sector Selector  Oct 8  Comment 
Today again the market was reluctant to give up much ground and the volume was what I consider to be light on the SPDR S&P 500 ETF (NYSE:SPY).  Wyckoff methodology is a great framework one(...)Read the rest of S&P 500 Does Another Classic...
Wall Street Sector Selector  Sep 30  Comment 
I just completed a brief volume analysis of the SPDR S&P 500 ETF (NYSE:SPY) since the April 2010 top.  It helps provide some more clarity to the market phases since that time.  I have to admit that(...)Read the rest of Analyzing The Volume In...
Wall Street Sector Selector  Sep 27  Comment 
I was watching last week’s action in the SPDR S&P 500 ETF (NYSE:SPY) very closely as we had reached a critical resistance level. There were a number of technical indicators that were showing(...)Read the rest of Key Levels In The SPDR S&P 500...
Wall Street Sector Selector  Aug 13  Comment 
By all current appearances we seem to be stuck in typical lazy August trading in the SPDR S&P 500 ETF (NYSE:SPY).  The volume today looks to be quite lame and typical of this time of year and(...)Read the rest of Lazy August Trading For The SPDR...
Wall Street Sector Selector  Jul 26  Comment 
The SPDR S&P 500 ETF (NYSE:SPY) confirmed a bullish MACD histogram buy signal Friday (7/23/2010) by closing above 109.94 yesterday.  Not only that but the SPDR S&P 500 ETF(...)Read the rest of The SPDR S&P 500 ETF (NYSE:SPY) Confirms A Bullish...
Wall Street Sector Selector  Jul 19  Comment 
I’ve started doing regular weekly posts on my site  regarding key indicators and levels I watch each week on SPDR S&P 500 ETF (NYSE:SPY) and the S&P 500 Index.  Last week I highlighted some key(...)Read the rest of What To Watch For On The...




 
TOP CONTRIBUTORS

The SPDR Trust Series I (NYSE: SPY) is an exchange traded fund (ETF) that tracks the performance of the S&P 500 index. The fund is managed by the State Street Global Advisors and is traded on the New York Stock Exchange. Shares in the fund can be bought through any licensed Series 6 stock broker.

Each unit (share) of the fund is priced to reflect 1/10 of the value of the S&P 500 index. The shares trade continuously on the market. They pay the aggregate dividend of the companies in the S&P 500 index.

The acronym SPDR stands for Standard and Poor's Depository Receipt.

S&P 500 Index

The Stndard and Poors 500 Index is considered representative of the overall U.S. stock market. It consists of 600 companies in 26 sectors to cover the bulk of American business. The value of each company in the index is proportional to its relative market capitalization. ***

Investment value of SPY shares

  • SPY can be used as a low-cost passive investment for those who want to track the overall market and believe active management rarely beats the indexes. Expenses of 0.10% make SPDRs cost efficient.
  • Institutional and individual investors and traders can use SPY to speculate on the direction of the overall market. SPY shares can be bought on margin and sold short.
  • SPY has options traded at 1 point increments. SPY options have large open interest and narrow spreads for most strike prices.

Other S&P 500 ETFs

ETF Name Fund Manager Expense Ratio
CBOE S&P 500 BuyWrite Index ETN (BWV)Barclays Bank0.75%
S&P 500 BuyWrite Portfolio ETF (PBP)Invesco PowerShares0.75%
iShares S&P 500 Growth Index Fund (IVW)ishares0.18%
iShares S&P 500 Index Fund (IVV)ishares0.09%
iShares S&P 500 Value Index Fund (IVE)ishares0.18%
ProShares Short S&P 500 ETF (SH)InvescoPoweshares0.95%
ProShares Ultra S&P 500 ETF (SSO)InvescoPoweshares0.95%
ProShares UltraShort S&P 500 ETF (SDS)ProShares ETFs0.91%
ProShares UltraShort S&P 500 ETF (SDS)ProShares ETFs0.91%
Rydex 2x S&P 500 ETF (RSU)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P 500 ETF (RSW)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P 500 ETF (RSW)Rydex ETF Trust0.70%
Rydex S&P 500 Pure Growth ETF (RPG)Rydex ETF Trust0.35%
Rydex S&P 500 Pure Value ETF (RPV)Rydex ETF Trust0.35%
SPDR S&P 500 ETF (SPY)State Street Global Markets, LLC0.10%
iShares S&P 500 ETF (IUSA-LSE)iShares0.40%

References

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