Definitions

SPDR

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Referred to as Spiders, SPDR stands for Standard & Poor’s Depositary Receipt. SPDR’s are designed to track the value of the S&P 500, and trade just as stocks do on the American Stock Exchange under the symbol SPY. One SPDR unit is valued at approximately one-tenth of the value of the S&P 500.

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Categories Definitions, Stock Market Definitions | Tags: ETFs, Stock Market

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