New ETFs On The Block: SPDR S&P 500 High Dividend ETF (SPYD)

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State Street Global Advisors (SSgA), a unit of State Street and the asset manager behind the iconic SPDR S&P 500 ETF (SPY), recently launched an equity fund dedicated to tracking the performance of the biggest dividend paying stocks listed in the US. The newly minted SPDR S&P 500 High Dividend ETF (SPYD) targets the top dividend payers in the S&P …