Spider

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Spider

See: SPDRs

Spider

Also called a Standard & Poor's Depositary Receipt or a SPDR. An exchange-traded fund that tracks the Standard and Poor's 500. The organization issuing the SPDR owns each of the stocks traded on the S&P 500 in approximate ratio to their market capitalization. SPDR shares can be bought, sold, short-sold, traded on margin; they generally function as if they were stocks. Dividends are paid quarterly and are based on the accumulated dividends of all the stocks represented in the SPDR, less any expenses. Investors use 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 SPDRs as an indicator of which direction the market believes the S&P 500 is going. See also: Mid-Cap SPDR.

spider

References in periodicals archive ?
The Spyker Spyder will be included in Aston Barclay's regular Wednesday sale next week in Chelmsford, Essex.
The $62,150 Spyder is a new version of the popular $58,950 Boxster S roadster,.
Weighing just 1,275 kg or 2,811 lb, the Boxster Spyder is the lightest model throughout the entire range of Porsche cars.
But Crockett, whose cars were part of his drug-dealing cover, loved his Spyder.
The GT model costs pounds 65,750 on the road and the Spyder Cambiocorsa is pounds 68,750.
Duke's Garage, a company specializing in restoring classic cars, and converting cars and trucks from gasoline engines to 100% electric vehicles, today announces the introduction of its eSpeedster and 550 Spyder Porsche replica vehicles.
Based on the fourth-generation Eclipse coupe introduced in spring 2005, the new Eclipse Spyder features a high-tech cloth convertible top that folds completely out of sight under a flush-fitting powered tonneau cover in about 19 seconds, and a standard 650-watt Rockford Fosgate premium audio system specifically engineered for the Eclipse Spyder that provides unique automatic sound equalization for top-up or top-down driving.
The first right-hand drive Spyder was rushed direct from the production line in Modena, Italy, to be at the final weekend of the show.
Additionally, controlling all digital sources in and out with a crisp, clean digital signal path, the Vista Systems Spyders provide a dramatic performance upgrade along with quick programming using Vista advanced software.
However, for the child who has everything, this is a functioning scale automobile with forward and reverse, working headlights, authentic Spyder sound and a working handbrake.
The centerpiece of the exhibition will be the youngest of the Spyder line, and also the most technologically advanced.
All of Schannep's timing indicators are on full Buys right now, and the man who wrote the book on Dow Theory likes Diamonds (AMEX:DIA) and Spyders (AMEX:SPY).