The SPDR S&P 500 ETF Trust (Symbol: SPY ETF) is a renowned icon. Launched in 1993, it holds the title of the oldest ETF in the United States. SPY tracks the S&P 500 Index. The index showcases America’s 500 leading publicly traded corporations.
Reasons for Its Fame :
- Size and Liquidity: The SPY ETF is a large, high-AUM ETF. It has very high liquidity, so it’s easy to buy and sell shares.
- SPY ETF gives investors a diversified mix of large-cap U.S. stocks. It’s a popular choice for those seeking broad market exposure.
- Low Cost: Its low expense ratio makes it cost-efficient for long-term investors.
Both individual and institutional investors use the SPY ETFs to track the U.S. stock market.