SPY First ETF to Reach $500B in Assets [Yahoo! Finance]
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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Source: Yahoo! Finance
SPY which gives investors exposure to some of U.S.'s largest companies through a market cap weighted tracking of the S&P 500 index, reached $502 billion in AUM shortly before markets closed for the day, State Street Corp., the issuer of the fund said. (AUM was at $493 billion after market close on Friday, according to etf.com data). The fund, which started trading in 1993, has been the world's largest for AUM and a long-time golden goose of State Street, the world's third largest ETF issuer. $500 billion is an incredible milestone of SPY and is indicative of the incredible growth that the ETF industry has seen," etf.com analyst Sumit Roy said. "It's only a matter of time before SPY or one of its S&P 500 rivals becomes the first trillion-dollar fund." Spurred by positive earnings from large tech companies such as Nvidia and Amazon, the U.S. stock market has continued its nearly yearlong rally, pushing assets in ETFs to new heights. The S&P 500 index broke the 5,000 level , a s
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STT
Earnings
- 4/12/24 - Miss
STT
Sec Filings
- 4/12/24 - Form 8-K
- 4/8/24 - Form 144
- 4/4/24 - Form ARS/A
- STT's page on the SEC website