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NYSEARCA:SPY

SPDR S&P 500 ETF Trust (SPY) Price, Holdings, & News

$548.49
+1.39 (+0.25%)
(As of 06/18/2024 ET)
Today's Range
$546.73
$548.62
50-Day Range
$495.12
$548.49
52-Week Range
$409.21
$548.62
Volume
41.34 million shs
Average Volume
43.91 million shs
Market Capitalization
$540.58 billion
Assets Under Management
$526.75 billion
Dividend Yield
0.93%
Net Expense Ratio
0.09%
SPY stock logo

About SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

The SPDR S&P 500 ETF Trust is a highly regarded investment vehicle that provides exposure to the S&P 500 Index. With more than three decades of experience in the market, this ETF is the largest and oldest of its kind in the world.

SPDR S&P 500 ETF Trust is designed to track the S&P 500, a diversified large-cap U.S. index holding company, across all 11 GICS sectors. Launched in January 1993, SPY was the first ETF listed in the United States, making it a trailblazer in the ETF industry.

State Street Bank and Trust Company serve as the trustee for the ETF, with SPDR Services LLC as the sponsor. The ETF's low expense rate makes it an attractive option for cost-conscious investors. The ETF is highly liquid, with an average daily volume of 82.45 million shares, which allows investors access to the underlying assets. 

Investors seeking exposure to the S&P 500 can buy SPDR S&P 500 ETF Trust shares, which provide access to the top companies in the S&P 500 Index. These top holdings demonstrate the breadth of the S&P 500 Index, as the top companies come from diverse sectors such as technology, retail and healthcare.

The ETF distributes dividends quarterly, based on the accumulated stock dividends held in the trust, less any expenses of the trust. The SPDR S&P 500 ETF Trust provides returns that generally correspond to the price and yield performance of the S&P 500 Index. 

For investors seeking a low-cost, highly liquid and diversified investment option, the SPDR S&P 500 ETF Trust is an excellent choice. With its long history and well-established reputation, the ETF provides access to the S&P 500 Index, a reliable benchmark for the overall U.S. stock market.

The SPDR S&P 500 ETF Trust is a highly regarded investment vehicle that provides exposure to the top companies in the S&P 500 Index. With its low expense ratio, high liquidity and broad diversification, the ETF is an attractive option for cost-conscious investors seeking a reliable, easy-to-trade investment option. The ETF's long history and well-established reputation make it a popular choice for investors, and its diversified portfolio of top holdings offers a glimpse into the state of the U.S. stock market.

SPY Stock Price History

SPY ETF News Headlines

microsoft logo on smartphone 100 bills in backgroud
6 Reasons the S&P 500 Will Keep Rising This Year
The S&P 500 NYSEARCA: SPY index can keep rising this year even if many stocks within it don't. The reasons are simple and center around the top six holdings.
microsoft logo on smartphone 100 bills in backgroud
6 Reasons the S&P 500 Will Keep Rising This Year (SPY)
The S&P 500 can continue to rally this year and gain 15% or more by year's end because the top six holdings are 30% of the market and being led higher.
Nvidia’s Quiet $1 Trillion Pivot
Nvidia recently added $277 billion in market cap … IN ONE DAY.
Fomc Federal Open Market Committee Government regulation Finance monitoring organisation.
The FOMC Decision Means Higher Prices for Stocks This Summer
The Federal Open Market Committee (FOMC) didn't exactly give the market what it wanted, but the policy statement and outlook have the S&P 500 NYSEARCA: SPY on track to hit new highs. High inflation and high interest rates aside, the US economy is growing, labor markets are healthy, and inflation is tracking lower, which has the Fed on track to cut rates.
Fomc Federal Open Market Committee Government regulation Finance monitoring organisation.
The FOMC Decision Means Higher Prices for Stocks This Summer
The S&P 500 is in rally mode and climbing a wall of worry that could lead to a large increase in the 2nd half. Technical targets put the index at 6,100, up 12%.
Altria Stock Forecast
Why Altria Stock is Still a Good Dividend Play (SPY)
Altria is a leading sin stock with a market-beating yield and an aggressive repurchase plan that drives value for shareholders today.
The logo of Ross Stores on the screen of an exchange
Ross Stores: Buy Off-Price Retail While It’s Still a Bargain (SPY)
Ross Stores is well-positioned for the retail environment; it generates solid cash flow, has a fortress balance sheet, pays a reliable dividend, and buys stock.
Nvidia’s Quiet $1 Trillion Pivot
Nvidia recently added $277 billion in market cap … IN ONE DAY.
SPX vs. SPY: Which Should You Buy?
See More Headlines
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Fund Details

Issuer
SSgA
Fund Name
SPDR S&P 500 ETF Trust
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:SPY
Inception Date
1/22/1993
Fund Manager
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P 500 Index
Category
Size and Style
Focus
Large Cap
Development Level
Developed Markets
Region
North America
Number of Holdings
504

Fund Statistics

Assets Under Management
$526.75 billion
Average Daily Volume
$45.78 million
Discount/Premium
0.25%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
SSgA Funds Management, Inc.
Custodian
State Street Bank and Trust Company
Distributor
ALPS Distributors, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
State Street Global Advisors Trust Company
Lead Market Maker
None

Options

Optionable
Optionable
Options Volume
7,917,216
Put Options
4,375,209
Call Options
3,542,007
Short Interest
90,120,000 shs

Miscellaneous

Beta
1.00
Creation Unit
50,000
Creation Fee
$3,000.00
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SPDR S&P 500 ETF Trust Expenses

TypeSPYLarge Cap ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.09%0.56%0.54%0.51%0.51%
Other Expenses0.00%0.28%0.50%0.59%0.55%
Total Expense0.09%0.63%0.70%0.74%0.71%
Fee Waiver0.00%-0.24%-0.55%-0.69%-0.60%
Net Expense0.09%0.60%0.60%0.58%0.58%

SPDR S&P 500 ETF Trust (SPY) Holdings & Exposure

SPY Sector Exposure

SPY Industry Exposure

Should I Buy SPDR S&P 500 ETF Trust Stock? SPY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in SPDR S&P 500 ETF:

  • Provides Diversification: Investing in SPDR S&P 500 ETF allows investors to gain exposure to a diversified portfolio of 500 of the largest publicly traded companies in the U.S. This diversification helps spread risk across different sectors and industries.
  • Liquidity: SPDR S&P 500 ETF is highly liquid, meaning investors can easily buy and sell shares on the stock exchange without significantly impacting the market price.
  • Low Expense Ratio: SPDR S&P 500 ETF typically has a low expense ratio compared to actively managed funds, which can lead to higher returns for investors over the long term.
  • Historical Performance: Over the years, the S&P 500 index, which SPDR S&P 500 ETF tracks, has shown strong historical performance, making it an attractive investment option for many investors.
  • Passive Investing: SPDR S&P 500 ETF offers a passive investing approach, tracking the performance of the S&P 500 index, which can be a cost-effective and efficient way to invest in the broader market.

Cons

Investors should be bearish about investing in SPDR S&P 500 ETF for these reasons:

  • Market Volatility: The S&P 500 index can be subject to market volatility, which may lead to fluctuations in the value of the ETF and potential short-term losses for investors.
  • Tracking Error: While SPDR S&P 500 ETF aims to track the performance of the S&P 500 index, there can be instances of tracking error where the ETF's performance deviates from the index it is supposed to mirror.
  • Market Risk: Investing in the S&P 500 index through an ETF exposes investors to market risk, including economic downturns, geopolitical events, and other external factors that can impact the overall market.
  • Dependency on U.S. Market: SPDR S&P 500 ETF is heavily dependent on the performance of the U.S. stock market, making it vulnerable to domestic market conditions and policies.
  • Current Stock Price: The current stock price of SPDR S&P 500 ETF, while important, should not be the sole factor in investment decisions as it can fluctuate based on market conditions and investor sentiment.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these SPDR S&P 500 ETF Trust pros and cons to contact@marketbeat.com.

SPY ETF - Frequently Asked Questions

How have SPY shares performed in 2024?

SPDR S&P 500 ETF Trust's stock was trading at $475.31 at the beginning of 2024. Since then, SPY shares have increased by 15.4% and is now trading at $548.49.
View the best growth stocks for 2024 here
.

How often does SPDR S&P 500 ETF Trust pay dividends? What is the dividend yield for SPDR S&P 500 ETF Trust?

SPDR S&P 500 ETF Trust announced a Interim dividend on Monday, March 18th. Shareholders of record on Sunday, May 12th will be paid a dividend of $2.049 per share on Sunday, May 12th. This represents a dividend yield of 0.26%. The ex-dividend date is Sunday, March 17th. This is an increase from the stock's previous Interim dividend of $1.77.
Read our dividend analysis for SPY
.

What does SPY invest in?

SPDR S&P 500 ETF Trust is a equity fund issued by SSgA. SPY focuses on large cap investments and follows the S&P 500 Index. The fund's investments total to approximately $526.75 billion assets under management.

What stocks does SPDR S&P 500 ETF Trust hold?
What is the management fee for SPDR S&P 500 ETF Trust?

SPDR S&P 500 ETF Trust's management fee is 0.09% and has no other recorded expenses or fee waivers. The net expense ratio for SPY is 0.09%.

What other stocks do shareholders of SPDR S&P 500 ETF Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPDR S&P 500 ETF Trust investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Walt Disney (DIS), Boeing (BA), Intel (INTC), Advanced Micro Devices (AMD) and Bank of America (BAC).

Who are SPDR S&P 500 ETF Trust's major shareholders?

SPDR S&P 500 ETF Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include 1832 Asset Management L.P. (0.00%), Farallon Capital Management LLC (0.00%), Akuna Securities LLC (0.00%), TD Asset Management Inc (0.75%), JPMorgan Chase & Co. (0.00%) and Walleye Trading LLC (0.00%).
View institutional ownership trends
.

How do I buy shares of SPDR S&P 500 ETF Trust?

Shares of SPY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:SPY) was last updated on 6/19/2024 by MarketBeat.com Staff

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