ETF Spotlight: SPDR S&P 500 | ETF Trends

ETF Spotlight on SPDR S&P 500 ETF (NYSEArca: SPY), part of an ongoing series.

Assets: $96.8 billion.

Objective: The SPDR S&P 500 ETF tries to reflect the performance of the benchmark S&P 500 Index.

Holdings: Top holdings include: Apple (NasdaqGS: AAPL) 3.9%, Exxon Mobil (NYSE: XOM) 3.4%, Microsoft (NasdaqGS: MSFT) 1.9%, International Business Machines (NYSE: IBM) 1.9% and Chevron Corp (NYSE: CVX) 1.8%.

What You Should Know:

  • State Street Global Advisors sponsors the fund.
  • SPY has an expense ratio of 0.09%.
  • The fund holds 500 securities.
  • Sector allocations include: information technology 20.1%, financials 14.1%, energy 12.2%, health care 11.3%, industrials 10.8%, consumer discretionary 10.8%, consumer staples 10.7%, materials 3.6%, utilities 3.4% and telecommunication services 2.7%.
  • The ETF is up 4.2% over the past month, up 18.2% over the last three months and up 6.7% over the past year.
  • The fund is 7.8% above its 200-day exponential moving average.
  • SPY has a dividend yield of 2.04%.
  • “The S&P 500 is a popular proxy for the U.S. market and as an indicator of the economic health of the nation,” according to Morningstar analyst Michael Rawson. “Despite the fact that it lacks exposure to small-cap stocks, it has had more than a 99% correlation with the broad U.S. market and a 90% correlation to developed international stocks.”

The Latest News:

  • The S&P 500 is trading above its highest closing level in almost four years, according to Bloomberg. [S&P 500 ETFs Surpass April 2011 High]
  • The National Association of Realtors announced that pending sales of existing homes rose 2% in January. [Builder ETFs Rise with Pending Home Sales]
  • “This has turned into a more resilient market,” Timothy Ghriskey, chief investment officer of Solaris Group LLC, said in the Bloomberg article. “The U.S. home data has helped the market. We don’t see a lot of aggressive buyers, but there are not many aggressive sellers.”

SPDR S&P 500