Sec Filing: Todd Rosenbluth and Exchange-Traded Fund

sec filing: State Street Global Advisors launched the first-ever exchange-traded fund, in 1993, according to Market Watch. And with a little-noted move this December, they may be pioneering yet another phase in the evolution of how investors allocate their money. But it should keep the fedora. The fund officially known as the S&P 500 ETF Trust SPY, 0.24% and colloquially referred to by its ticker, SPY, was the first and remains the king, says Todd Rosenbluth, head of ETF and mutual fund research at CFRA. SPY has 300 billion in assets and is known as one of the most liquid funds in the world, not least because it tracks one of investors' preferred benchmarks, the S&P 500 stock index. In a Dec. 18 SEC filing, the company said it would switch the index tracked by one of its smaller funds, the SPDR Portfolio Large-Cap ETF SPLG, 0.24% to the S&P 500 as well. SPX, 0.29% That makes State Street's recent move somewhat unusual. (news.financializer.com). As reported in the news.