Dictionary of Accounting Terms: Standard & Poor's Depositary Receipt (SPDR)
Standard & Poor's Depositary Receipt (SPDR)
shares of a security designed to track the value of the S&P 500; also called SPDRs or Spyders. Spyders trade on the American Stock Exchange under the symbol SPY. One SPDR unit is valued at approximately one-tenth of the value of the S&P 500. Dividends are distributed quarterly and are based on the accumulated stock dividends held in trust, less any expenses of the trust.
