Standard & Poor's Depositary Receipt
SPDR. 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 SPDRs or Spiders.
Related Terms
Popular 'Stocks' Terms
Related Personal Finance Articles
Loading...
Standard & Poor's Depositary Receipt in the news
Loading...
Standard & Poor's Depositary Receipt is ...
... part of the Stocks subject.
Get our content on your iGoogle page
RSS