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 ?
PCX") announced that at the opening of business on Wednesday, November 16, 2005, it will commence trading options on the following equity securities: Industrial Select Sector SPDR Fund ; iShares Lehman 7-10 Year Treasury Bond Fund ; IShares Lehman 20+ Year Treasury Bond Fund ; Materials Select Sector SPDR Trust ; Midcap SPDR Trust Series 1 ; Utilities HOLDRs Trust ; Utilities Select Sector SPDR Fund .
For these depositary receipts, the percentage discount is computed as (S&P400 -- MidCap SPDR)/S&P400* 100, where S&P400 is the level of the Standard and Poor's MidCap 400 index and MidCap SPDR is five times the closing price of Standard and Poor's Midcap 400 Depositary Receipts.
MidCap SPDR Assets Surpass $7 billion with Average Daily Volume of 1.
a registered broker-dealer, is Distributor for the Nasdaq-100 Trust, the DIAMONDS Trust, the SPDR Trust, the Select Sector SPDR Trust and the MidCap SPDR Trust.
MidCap SPDRs represent ownership in the MidCap SPDR Trust, a long-term unit investment trust established to accumulate and hold a portfolio of common stocks designed to closely track the price performance and dividend yield of the Standard & Poor's MidCap 400 Index.
Today's announcement marks the first time that the MidCap SPDR Trust has surpassed $1 billion in assets.
This enhancement to the SPDR and MidCap SPDR fee structure is part of an ongoing evaluation of ways to maximize trading efficiency for our members and their customers," said Joseph B.
Developed by the AMEX, each MidCap SPDR is expected to have a market value of approximately 1/5 of the value of the S&P MidCap 400 Index.
a registered broker-dealer, is distributor for SPDR shares, MidCap SPDRs and Dow Jones Industrial Average, all unit investment trusts and Select Sector SPDRs.
a registered broker-dealer, is distributor for DIAMONDS, MidCap SPDRs, Select Sector SPDRs, SPDRs and Nasdaq-100 Index Tracking Stock.
a registered broker-dealer, is distributor for DIAMONDS, MidCap SPDRs, Nasdaq-100 Index Tracking Stock, Select Sector SPDRs and SPDRs.
a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and SPDR DJIA ETF, all unit investment trusts and Select Sector SPDRs.