SPDR S&P 600 Small Cap ETF (SLY)
SPDR S&P 600 Small Cap ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $85.46, down 0.62% on the session, giving a market capitalisation of $1.61B. Its beta of 0.99 implies it has historically moved less than the broad market.
This ETF primarily allocates its assets to the securities comprising its underlying index, dedicating a minimum of 80% of its total capital, and often substantially more, to these holdings. To effectively replicate the index's performance, the fund retains the flexibility to hold a limited portion of its portfolio in equity securities not part of the index, along with cash, cash equivalents, or various money market instruments like repurchase agreements and money market funds. The underlying index itself is designed to gauge the performance of smaller-capitalization companies within the U.S. stock market.
SPDR S&P 600 Small Cap ETF is most often compared with the following Financial Services names: