Wednesday, August 4, 2010

S&P 500 ETF (SPY) Up 1.85% Year-To-Date

The S&P 500 is what many consider to be the broad stock market, as it encompasses more names than the Dow, which only includes 30 stocks.  IF you follow this blog, you know that I use the Wilshire 5000 to track the broad market, as it includes even more names than the S&P, and I believe provides a better picture of the market as a whole. 

The ETF that tracks the S&P 500, ticker SPY, closed today at $112.97.  The index closed on December 31, 2009 at a price of $111.44, for a price appreciation of 1.37%.  However, if you follow this blog, you know that I believe in the reinvestment of dividends.  The SPY paid a dividend of $.531 on June 18th of this year, and usually pays a dividend four times a year.  Therefore, with the inclusion of the reinvestment of said dividend, you would have picked up a fractional share on June 18th at a price of $111.73.  All told, with the reinvestment of the dividend, the broad market has returned about 1.85% thus far this year.

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About Me

DISCLAIMER: I started this blog as a way for people to exchange ideas relating to investing and finance, primarily. I am in no way a professional in these areas, merely a student of the financial world. The thoughts expressed on these pages have no connection to my employer in any way. Anybody reading this blog should do so with caution, exercise their own judgment, and do their own due diligence on any financial undertaking. About Me: I reside in New Jersey with my wife and my two dogs. I have a B.S. degree in Accounting with a minor in Finance, as well as an MBA in Accounting. Currently, I am employed as a forensic accountant, and am pursuing my CPA designation. I love the stock market, and picking stocks. I spend a great deal of time analyzing market data, as well as individual names.


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