State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)
State Street SPDR Portfolio S&P Sector Neutral Dividend ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $47.62, up 0.37% on the session, giving a market capitalisation of $13.0M. Its beta of 0.79 implies it has historically moved less than the broad market.
The State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) aims to replicate the total return performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, before deducting its operational fees and expenses. This benchmark selectively includes large, mid, and small-capitalization companies from the S&P Composite 1500 Index that have consistently increased or maintained their dividend payments for a minimum of seven consecutive years. A key feature of the index is its design to parallel the sector weighting of the S&P Composite 1500, thereby mitigating potential sector biases. Tailored for long-term, income-focused investors, SPDG provides attractive income potential within a low-cost, core dividend fund structure, specifically engineered to reduce the impact that sector imbalances can have on dividend-centric strategies compared to broader equity markets.
State Street SPDR Portfolio S&P Sector Neutral Dividend ETF is most often compared with the following Financial Services names: