SPDR S&P 500 ETF $217.38 – New York symbol SPY

Article Excerpt

SPDR S&P 500 ETF $217.38 (New York symbol SPY; buy or sell through brokers; www.spdrs.com) holds the stocks in the S&P 500 Index, which consists of 500 major U.S. companies chosen based on their market cap, liquidity and industry group. The ETF began trading on January 22, 1993. The ETF’s highest-weighted stocks are Apple, ExxonMobil, Microsoft, Facebook, Johnson & Johnson, JPMorgan Chase, and AT&T. The fund’s MER is just 0.11%, and it yields 2.0%. SPDR S&P 500 ETF is a top ETF pick for 2016. …