What is SPY ETF?

SPY was the first index exchange-traded fund listed on U.S. exchanges. Approximately one-quarter of the SPY ETF is invested in the information technology sector. The SPDR S&P 500 ETF Trust has generated an average annual return of just under 10% since its inception. As noted above, the SPY ETF was established on Jan. 22, 1993.

What is a S&P 500 ETF?

Also known as the SPY ETF, the fund was established in January 1993. The SPDR S&P 500 ETF Trust is one of the most popular funds that aims to track the S&P 500 Index, which comprises 500 large-cap U.S. stocks. SPY was the first index exchange-traded fund listed on U.S. exchanges.

How much is a spy share worth?

So, if the S&P is at a level of 4,000, then one SPY share should trade at close to $400. SPY turned 30 on Jan. 22, 2023, celebrating the milestone by remaining the largest ETF tracking the S&P 500 Index. Because of its relative age, the ETF is constructed as a unit investment trust (UIT).

Should you invest in the SPDR S&P 500 ETF Trust?

The SPDR S&P 500 ETF Trust offers investors an efficient way to diversify their exposure to the U.S. equity market without having to invest in multiple stocks. Therefore, the SPY is suitable for any investors who want to include U.S. equities in their portfolio while taking only a moderate level of risk.