SPDR S&P 500 ETF Bought Super Micro Computer Stock During Inclusion
1 report, 1 independent
Updated Thu 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
When Super Micro Computer joined the S&P 500 on March 18, 2024, the SPDR S&P 500 ETF bought the company's stock near the peak of the AI hype cycle. The stock currently trades at $41.35, representing a decline of roughly 59% since its inclusion. This meant that every holder of the SPDR S&P 500 ETF absorbed the loss.
From aol.com
Why it matters
The fund's expense ratio is 0.0945%, which is higher than those of Vanguard S&P 500 ETF and Vanguard Institutional Investor shares. The fund structure also does not allow for dividend reinvestment or securities lending.
From aol.com
Who's involved
- SPDRFamily of ETFs whose holdings include shares of Simon Property Group and incorporates Microsoft.
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The entities involved
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SPDR
family of exchange-traded funds (ETFs) managed by State Street Global Advisors
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