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Investing Glossary:
Spider (SPDR)
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| These are Shares of a security designed to track the value of the SP 500. Spiders trade On the American Stock Exchange under the symbol SPY. One SPDR Unit is valued at approximately one-tenth of the value of the SP 500. Dividends are Distributed quarterly, and are based on the accumulated Stock dividends held in trust, less any expenses of the trust. These are also called SPDRs. Symbol SPY.
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