SPDR S&P Internet ETF (XWEB)
SPDR S&P Internet ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $87.86, down 0.13% on the session, giving a market capitalisation of $23.7M. Its beta of 1.39 implies it has historically moved more than the broad market.
This fund's primary strategy involves allocating a significant portion of its total assets—specifically, at least 80% and typically a greater share—to the securities that comprise its target index. Furthermore, it retains the flexibility to hold equity investments not included in that index, alongside liquid assets such as cash, cash equivalents, or various money market instruments. These money market holdings may include repurchase agreements and money market funds, potentially even those managed by the fund's own Adviser. The index that this fund tracks is designed to capture the performance of the internet sector within the broader S&P Total Market Index ("S&P TMI").
SPDR S&P Internet ETF is most often compared with the following Financial Services names: