Dallas, Texas 08/27/2013 (Financialstrend) – Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) had recently been presenting bullish trend in prices which had pushed up the exchange traded fund to move near to its peak level of prices in the recent days of trading. Further, the ETF had also proved to be of higher attraction to the investors who had been flocking on to its shares to record profits in the short term. It is worth noting that this exchange traded fund had moved on to present significant gains by around 17.28% for the past 52 weeks of trading in line with the broader market index of S&P 500 which is being tracked out by the fund. The ETF had proved to have moved in line with the developments observed in this market index and had proved highly valuable to the investors.
It always proves effective to include such exchange traded funds like SPDR S&P 500 ETF Trust (NYSEARCA:SPY) into the portfolio of individual investors as such ETFs prove to add heavily to the level of diversification which cannot be achieved by any individual trading out in the markets. The ETFs had for long proved to find a place in the portfolio of many professional investors who look out to take advantage of their diversification.
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) had proved to present decrease in share prices by 0.42% on Monday and had thereby closed the trading session at $165.97 per share. The stock was observed fluctuate during the day to present intraday prices moving in the range of $165.89 to $167.30 per share on Monday, while the stock had recorded 52 week low at $134.70 per share and 52 week high at $170.97 per share. Further, the stock’s trading volume on Monday was reported to be at 22.39 million shares.