#1 - SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
If you’re looking for a “set it and forget it” ETF, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) is a great choice. The ETF is benchmarked to the S&P 500 index, which gives investors broad exposure to many of the index's top names.
This is a market cap-weighted ETF, which means the weight (i.e., the percentage of shares) the ETF invests in any one company will be proportionate to that company’s weight in the S&P 500 index. As of September 2024, approximately 31% of the fund’s holdings are invested in the technology sector, with about 10% of the weighting going equally to semiconductor stocks and software stocks.
The SPY ETF is passively managed, which is one reason it has an ultra-low expense ratio of 0.09%. The fund also pays a quarterly dividend offering a 1.2% yield and pays out $6.84 per share annually.
About SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
Read More - Current Price
- $570.98
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $617.47 (8.1% Upside)
