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 ?
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 unit of 50,000 shares (or multiples thereof) is required to create SPDRs, NASDAQ-100 Index Tracking Stock, Select Sector Funds and DIAMONDS, while a unit of 25,000 shares is required to create MidCap SPDRs.
MidCap SPDRs are designed to track the performance of the S&P MidCap 400 index, an index of moderate capitalization firms, and are expected to have higher arbitrage costs.
We investigate and compare pricing in the SPDRs and MidCap SPDRs markets.
We also find that SPDRs and MidCap SPDRs returns are not excessively volatile, unlike the returns to closed-end funds (Pontiff, 1997).
10] However, arbitrage opportunities may arise more often in the MidCap SPDRs market because the underlying index includes less visible, lower volume stocks.
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.
a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.
a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and SPDR Dow Jones Industrial Average , all unit investment trusts and Select Sector SPDRs.
a registered broker-dealer, is distributor for SPDR shares, MidCap SPDRs and SPDR DJIA Trust, all unit investment trusts and Select Sector SPDRs.
a registered broker-dealer, is distributor for SPDR shares, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.
a registered broker-dealer, is distributor for SPDR S&P 500, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.