Global exchange-traded fund - iShares Dow Jones U.S. Broker-Dealers Index Fund
iShares Dow Jones U.S. Broker-Dealers Index Fund hits year-high 3rd time in three months 21 July, 2017
NEWS BITES - ETF
iShares Dow Jones U.S. Broker-Dealers Index Fund (NYSE:IAI) hit a 52-week high of $US54.39 during the day. In the last three months the ETF has hit a new 52-week high thrice. The ETF advanced for a fifth consecutive day on Friday. The ETF price has increased 11.0c (or 0.2%) from its last trading session of July 20, 2017 to close at $US54.21.
|Price Change %||1 Month||3 Month||6 Month||1 Year|
ISHARES DOW JONES U.S. BROKER-DEALERS INDEX FUND BULLISH SIGNALS
Uptrend: The ETF increased on low volume, rising for a fifth consecutive day.
+ The price increased 0.9% in the last week and lifted 3.0% in the last month.
+ Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 0.6% for the week and 2.0% for the month, this represented a relative price increase of 0.3% for the week and 1.4% for the month.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 53.87 minus the 26-day EMA of 53.38 is positive 0.5 suggesting a bullish signal. Both EMA prices are rising, another bullish signal.
+ Rises to Falls: in the past month the number of rises outnumbered falls 14:7 or 2:1.
+ In the last three months the ETF has hit a new 52-week high thrice.
+ The present value of $US1,000 (PV1000) invested one year ago in iShares Dow Jones U.S. Broker-Dealers Index Fund is $US1,435, comprising a capital gain of $US412 and dividend reinvested of $US23.
|Morgan Stanley Capital International World Index [MSCI World]||1,005||1,022||1,149|
|Morgan Stanley Capital International USA Index||1,006||1,021||1,159|
+ The present value of USD1,000 (PV1000) invested five years ago in iShares Dow Jones U.S. Broker-Dealers Index Fund is $US2,875, including a capital gain of $US1,641 and dividend reinvested of $US235.
+ 5 years Multiplier in USD = 2.875x
+ Compound Annual Growth Rate (CAGR) in USD = 23.5%
1.2 High Performance Indicators:
|Description||Value||Rank In Market|
|Price/MAP50||1.02||In Top Quartile|
|Price/MAP200||1.07||In Top Quartile|
|Today's Turnover||$US320,652||In Top Quartile|
ISHARES DOW JONES U.S. BROKER-DEALERS INDEX FUND BEARISH SIGNALS
+ The ETF is overbought according to the Williams % R indicator of -19.1, suggesting the price is close to its 14-day high of $US54.39.
PRICE VOLUME DYNAMICS
+ Volume: there were 5,915 units worth $US320,652 traded today. In the past week, volume was 0.5 times average and the units were up 0.9%. The volume was 0.2 times the average daily trading of 35,012 units.
+ The iShares Dow Jones U.S. Broker-Dealers Index Fund is at a discount of 0.3% to its 12-month high of $US54.39 traded on July 21.
3.2 Year-on-Year Comparison (Trailing year - ended 30 Jun)
In the past 5 years, IAI has jumped 149.4% from 21.4 to 53.38, an average annual compound rise of 20.1%.
|% Price Change||48.3||-18||16.8||22.4||43.5||-19.6|
|Avg Daily Volume||33,886||40,580||57,060||98,533||52,909||48,041|
|Turnover Period||4 mo||2 mo||7 mo||2 mo||3 mo||3 mo|
|Price Range||35.06 - 54.2||29 - 45.59||35.54 - 45.33||30.6 - 40.11||19.63 - 31.39||18.43 - 27.15|
In the past 5 years average daily volume has declined 29.5% from 48,041 units to 33,886 units. Turnover period has increased from 3 months to 4 months. This indicates a larger number of core investors, making a long-term investment safer.
+ Beta: the Beta is 1.4. A Beta greater than 1 suggests this is a high risk, high return ETF with volatility greater than that of the market.
4.1 Global Rank out of 5,758 ETFs
The present value of $US1,000 invested a year ago is $US1,435, ranking it 166 out of 5,758 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 68.
|Net Assets (US$)||156M||1586||Second|
|Rel Strength 6 Mo (US$)||68||1817||Second|
|PV$1000 (1Year) US$||1,435||166||Top|
4.2 Rank in the Total United States ETF Market [out of 1,378 ETFs]
|Net Assets ($US)||156M||722|
|Rel Strength 6 Mon ($US)||62||525|
|Date||Brokerage||Action||Current Rating||Past Rating|
|Mar 31,2017||S&P Capital IQ||Upgrade||-||-|
|Feb 28,2017||XTF Inc.||Downgrade||8.5 out of 10||8.5 out of 10|
|Apr 29,2016||XTF Inc.||Upgrade||6.7 out of 10||8.5 out of 10|
|Oct 10,2016||Ned Davis Research Group||UPGRADE||-||-|
|Aug 30,2016||Sabrient Systems||Downgrade||-||-|
|Jul 31,2016||Morningstar, Inc.||Upgrade||3 out of 5||3 out of 5|
REPORTED BUYING AND SELLING
6.1 Institutional Buying and Selling Quarter Ended March 31
Total reported Institutional buying = 257,059 ETFs
Total reported Institutional selling = 388,916 ETFs
Net reported institutional selling = 131,857 ETFs
6.2 Reported Holdings of Institutions as at Mar 31, 2017
Total = 1,515,560 ETFs
Market Value = $US77.9 million
6.3 Top 40 Institutional Shareholders of iShares Dow Jones U.S. Broker-Dealers Index Fund as at Mar 31, 2017
|Wells Fargo & Company||236,919||8.17|
|Baker Avenue Asset Management, LP||114,575||3.95|
|Merriman Wealth Management, LLC||86,352||2.98|
|Barometer Capital Management Inc.||68,400||2.36|
|Sandler Capital Management||66,946||2.31|
|Credit Suisse AG||60,053||2.07|
|LPL Financial LLC||57,982||2|
|Bank of America Corp, DE||50,461||1.74|
|Goldman Sachs Group Inc.||50,100||1.73|
|UBS Group AG||47,706||1.65|
|Clark Capital Management Group, Inc.||47,072||1.62|
|Main Management LLC||34,600||1.19|
|1832 Asset Management L.P.||26,437||0.91|
|Citadel Advisors LLC||22,833||0.79|
|Private Advisor Group, LLC||21,213||0.73|
|Independent Portfolio Consultants, Inc.||20,140||0.69|
|Psagot Investment House Ltd.||19,087||0.66|
|Timber Hill LLC||16,416||0.57|
|Cookson Peirce & Co Inc.||16,250||0.56|
|First Allied Advisory Services, Inc.||14,658||0.51|
|Jane Street Group, LLC||14,274||0.49|
|Royal Bank Of Canada||13,626||0.47|
|KCG Holdings, Inc.||12,784||0.44|
|Beck Capital Management, LLC||10,481||0.36|
|Synovus Financial Corp||9,938||0.34|
|Raymond James Financial Services Advisors, Inc.||8,390||0.29|
|CIBC World Markets Inc.||7,723||0.27|
|Wolverine Trading, LLC||7,424||0.26|
|Envestnet Asset Management Inc.||6,614||0.23|
|Robinson Value Management, Ltd.||6,566||0.23|
|Suntrust Banks Inc.||5,548||0.19|
|National Planning Corp||5,400||0.19|
|Ladenburg Thalmann Financial Services Inc.||4,569||0.16|
|Simplex Trading, LLC||3,704||0.13|
|Bank of Montreal, CAN||1,617||-|
|Valley National Advisers Inc.||788||-|
iShares Dow Jones U.S. Broker-Dealers Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Investment Services Index (the Index). The Index measures the performance of the investment services sector of the United States equity market. The Index includes companies providing a range of specialized financial services, including securities brokers and dealers, online brokers and securities or commodities exchanges. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund's investment advisor is Barclays Global Fund Advisors.
iShares Dow Jones U.S. Broker-Dealers Index Fund (NYSE:IAI)
|Inception Date||May 01, 2006|
|Expense Ratio||0.4% of average net assets|
|Category||Sector Fund-Financial Service|
|Fund Family Name||iShares|
|Index Tracked||Dow Jones U.S. Select Investment Services Index|
|Asset Class||Equity ETF|
7.3 Fund Managers and Management Fees
+ The managers of the ETF are Greg Savage and Diane Hsiung. The management fee is 0.47% of total assets
|Dividend Date:||June 27, 2017|
TOP HOLDINGS & PORTFOLIO ALLOCATION
9.1 Top Holdings (May 18, 2017)
|Goldman Sachs Group Inc||10.2|
|Charles Schwab Corp||8.4|
|CME Group Inc||7.9|
|Intercontinental Exchange Inc||7.7|
|E*TRADE Financial Corp||4.4|
|CBOE Holdings Inc||4.4|
|Raymond James Financial Inc||4.3|
|TD Ameritrade Holding Corp||4.2|
9.2 Asset Allocation (May 24, 2017)
|ETF Cash Component||0.2|
9.3 Market Cap Breakdown (May 19, 2017)
9.4 Country Breakdown (May 24, 2017)