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Some Popular ETFs

Spiders

These are shares in a diversified portfolio representing the S&P 500 Index, and were created in early 1993. They allow investors to purchase shares of “the market,” in this case the S&P 500 Index, arguably the most important measure of the market in the United States when it comes to large, well-known common stocks.

Spiders pay quarterly cash dividends and provide investment results that typically correspond to the underlying index. Typically, there are no capital gains distributions. The expense ratio is 0.12 percent. The stock symbol is SPY.


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