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SPDR ETF family receives settlement payment

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The SPDR Morgan Stanley Technology ETF (NYSE: MTK) has received a payment of USD98,039 as an authorised claimant from a class action settlement related to Broadcom Corp.

As a result, the fund’s net asset value (NAV) per share as calculated on Friday, 29 April, 2011 was up USD0.0302.

State Street currently manages USD260 billion in SPDR ETF assets worldwide (as of March 31, 2011) and is one of the largest ETF providers in the US and globally.

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