Mid-Cap SPDR

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Mid-Cap SPDR

An exchange-traded fund that tracks the Standard and Poor's Midcap 400 Composite Price Index. The organization issuing the SPDR owns each of the stocks traded on the S&P Midcap Index in approximate ratio to their market capitalization. SPDR shares can be bought, sold, short-sold, traded on margin, and generally function as if they were stocks. Investors use midcap SPDRs (and indeed all exchange-traded funds) as a way to easily diversify their portfolios at relatively low cost. Investors also see the demand for midcap SPDRs as an indicator of which direction the market believes the S&P Midcap Index is going.
References in periodicals archive ?
Powell to Keynote the Mid Cap SPDR Precision Thinkers Event In Washington, DC
The program includes a series called Mid Cap SPDR Precision Thinkers that are scheduled to be held in, Washington, DC (October 9), Houston (October 23), and Chicago (November 13).
In addition to the Mid Cap SPDR Precision Thinkers series, State Street Global Advisors' Intermediary Business Group is hosting four regional thought leadership segments titled Global Trends in Institutional Investing.

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