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- 1 SPDR S&P 500 ETF Trust (SPY) provides exposure to high-cap indexes.
- 2 It was the first registered ETF in the United States.
The SPDR S&P 500 ETF Trust (SPY) provides exposure to large-cap US indexes at lower rates. Launched in 1993, Standard and Poor’s Depositary Receipts (SPDR) was the first ETF listed in the United States. Three decades of experience make it the oldest and largest ETF in the industry.
SPDR revolutionized ETF Arena
SPDR S&P 500 ETF Trust (SPY) was specifically designed to track S&P 500, a diversified large-cap US index holding company working across 11 GICS sectors. Lower rates of ETFs facilitate attractive options for many cost-conscious investors. Thus, investors seeking exposure to the S&P 500 can buy SPDR S&P 500 ETF Trust shares by providing access to premium companies and lower costs.
SPDR Portfolio Composition
99.84% comprises stocks distributed in multiple sectors. The technology sector enjoys 24.68%, the Healthcare sector has 14.40%, and Real Estate and Financial Services are at 13.97%. Consumer Cynical weighs 10.45%, while industrials account for 8.69%, followed by the remainings.
The majority holdings are in Apple (APPL) worth 6.62%, Microsoft (MSFT) at 5.59%, Amazon (AMZN) at 2.51%, Nvidia (NVDA) at 1.74%, Tesla (TSLA) at 1.66%, while the percentage is scattered at numerous companies.
Institutional data of the company has current ownership of 58.81%, a number of buyers at 2,408, and sellers at 1,893. At the same time, inflows were worth $103.81 billion, and outflows were $28.75 billion.
SPDR S&P 500 ETF (SPY) – Price prognosis
When writing, SPY was trading at $391.73, jacked up by 1.65%. Previous close and open were at $385.36 and $390.50. The fifty-two-week range was from $348.11 to $462.07. The volume was nearly 139.29 million shares, and the average volume was close to $88.12 million. The market cap was worth $353.58 billion.
Net assets of SPY were worth 359.63 billion, with a yield of 1.94%. YTD daily total return (DTR) was 0.77%, one-year DTR was negative 6.77%, and three-year DTR was 14.52%.
SPDR S&P 500 (SKY) – Technical Indications
The overall sentiment appears bullish, despite considerable ups and downs. Since the start of 2023, market sentiments have been majorly bullish. When viewed at the broader level, the market seems to be consolidating between the $411 and $347 marks.
The demand zone here is strong support, and it can be assumed that as long as the price is above the $374 mark, it has a chance of going upwards. If the current market sentiment excited by lower inflation continues for a while, a strong move towards the supply zone can be expected.
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
