SPDR S&P 500 ETF (SPY.US) was founded in 1993 by its parent company, State Street Global Advisors. The ETF started trading on the New York Stock Exchange on January 22, 1993 and holds a strong market cap of more than $263 billion USD as of May 2021.
SPY.US is considered one of the most popular and successful ETFs in the market, and is a great option for traders looking to invest in large-cap US stocks. Its wide diversification across multiple sectors ensures that investors can get exposure to all of the major S&P 500 stocks in one package. With over 326 companies included in its portfolio, it offers unparalleled access to different parts of the economy as well as liquidity.
The price history of SPDR S&P 500 ETF (SPY.US) shows that the stock hit its lowest point at $222.80 on 20th March 2020, shortly after the market started to feel the impact of COVID-19. Since then, it has been in a bullish trend and reached its highest point at $474.96 on 31st December 2021. It has been an incredible journey for this stock and certainly one that savvy traders have been able to capitalize on.
If you're looking for a way to benefit from SPY.US's price movements, then there are many options available. You can buy and hold the stock or trade it using derivatives such as futures, options, CFDs, and spreads. Whichever option you choose, make sure that you do your research before making any investments. As with all financial products, there is the potential for both gains and losses. The key is to be informed and manage expectations accordingly.
If you are looking for an alternative to trading SPDR S&P 500 ETF (SPY.US), there are several other options available. For those looking to diversify their holdings, there are also several sector-specific ETFs available such as the Financial Select Sector SPDR Fund (XLF.US). This fund allows investors to gain exposure to the financial sector while avoiding some of the risk associated with individual stocks.
Finally, for those looking for an international exposure, there are ETFs like iShares MSCI Emerging Markets ETF (EEM.US) which allow you to diversify your portfolio and gain access to high-growth markets around the world. No matter your preference, there are numerous alternatives that can help you achieve your investment goals.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.