Spider. Shares of a security designed to track the value of the S&P 500. Spiders trade 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. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. also called Standard & Poor's Depositary Receipt.

Use SPDR in a sentence

If you want to get a good gauge on how the overall market is trending you should follow a SPDR.

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The spdr had to do with the shares of a security and that made me wonder what it was and how it worked usually.

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When Bob decided to invest in SPDR, he knew the potential payout would not be as great as it could be if he chose another mode of investment, but it was simply all he could afford.

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widely held fixed investment trust (WHFIT) ETF