Happy Birthday S&P 500 SPY ETF! If You Invested $1,000 In SPY At Launch, Here’s How Much You’d Have Today

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Benzinga

The first U.S-based exchange-traded fund celebrates another birthday Monday and remains one of the most popular ETFs today. Here’s a look at the history of the SPDR S&P 500 ETF Trust (NYSE:SPY) and how much an investment at launch would be worth today. What Happened: Launched with seed funding of $6.5 million, the SPDR S&P 500 ETF Trust became the first U.S. ETF on Jan. 22, 1993. The ETF was approved by the U.S. Securities and Exchange Commission several years afterState Street Corp. (NYSE:STT) applied for the fund. Initial interest in the ETF was poor and the fund was almost closed before inv…

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