Global exchange-traded fund - iShares Russell 2000 Index Fund
UPDATE: iShares Russell 2000 Index Fund falls 0.7% from 14-day high 26 July, 2017
NEWS BITES - ETF
iShares Russell 2000 Index Fund (NYSE:IWM), the 17th largest Exchange Traded Fund by market cap in the United States, was down 0.7% from its 14-day high of $US144.25 on 26 July, 2017. Its Williams % R is -12.7 which suggests it is overbought, a bearish signal. Its Relative Strength Index [RSI] is 73.4. An RSI reading of between 70 and 100 suggests the ETF is close to its 14-day high. This suggests the ETF is overbought; another bearish signal. The ETF price has decreased 88.0c (or 0.6%) from its last trading session of July 25, 2017 to close at $US143.25. The volume was 0.5 times the average daily trading of 11.2 million units.
|Price Change %||1 Month||3 Month||6 Month||1 Year|
ISHARES RUSSELL 2000 INDEX FUND BEARISH SIGNALS
+ The 0.7% discount to 12-month high of $US144.25 against the 31.3% premium to 12-month low of $US109.07 suggests the climb might be peaking.
1.2 Overbought/Bearish/Resistance Signals:
+ The Relative Strength Index (RSI) of 73.4 has penetrated the overbought line of 70, suggesting the price gain of 2.1% in the last 14 days is unusually high.
+ The ETF is overbought according to the Williams % R indicator of -12.7, suggesting the price is close to its 14-day high of $US144.25.
+ The Stochastic indicator of 90.5 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.
1.3 Low Performance Indicator:
|Description||Value||Rank In Market|
|Price Change %||-0.6||In Bottom Quartile|
ISHARES RUSSELL 2000 INDEX FUND BULLISH SIGNALS
+ The price increased 0.03% in the last week and 1.5% in the last month.
+ In the last three months the ETF has hit a new 52-week high five times, pointing to an uptrend.
+ The present value of $US1,000 (PV1000) invested one year ago in iShares Russell 2000 Index Fund is $US1,200, comprising a capital gain of $US183 and dividend reinvested of $US17.
|Morgan Stanley Capital International World Index [MSCI World]||1,002||1,022||1,150|
|Morgan Stanley Capital International USA Index||1,002||1,019||1,159|
+ The present value of USD1,000 (PV1000) invested five years ago in iShares Russell 2000 Index Fund is $US2,030, including a capital gain of $US881 and dividend reinvested of $US149.
+ 5 years Multiplier in USD = 2.03x
+ Compound Annual Growth Rate (CAGR) in USD = 15.2%
2.2 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||$US788.7 million||In Top 2%|
|Price/MAP200||1.05||In Top Quartile|
|Price/MAP50||1.0||In Top Quartile|
PRICE VOLUME DYNAMICS
+ Volume: there were 5,505,508 units worth $US788.7 million traded today. In the past week, volume was 0.6 times average and the units were up 0.03%.
3.2 Year-on-Year Comparison (Trailing year - ended 30 Jun)
In the past 5 years, IWM has jumped 78.6% from 78.88 to 140.85, an average annual compound rise of 12.3%.
|% Price Change||22.7||-8.1||5.1||22.8||22.6||-3.6|
|Avg Daily Volume||11,138,683||14,376,211||28,207,583||42,590,434||44,359,578||71,629,357|
|Turnover Period||38 d||22 d||14 d||8 d||8 d||5 d|
|Price Range||109.07 - 142.9||93.42 - 126.74||103.54 - 129.17||97.19 - 120.58||75.48 - 100.11||59.39 - 84.97|
In the past 5 years average daily volume has declined 84.4% from 71.6 million units to 11.1 million units. Turnover period has increased from 5 days to 38 days. This indicates a larger number of core investors, making a long-term investment safer.
+ Beta: the Beta is 1.6. 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 5,757 ETFs
The present value of $US1,000 invested a year ago is $US1,200, ranking it 1133 out of 5,757 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 60.
|Net Assets (US$)||37.7B||23||Top|
|Rel Strength 6 Mo (US$)||60||2292||Second|
|PV$1000 (1Year) US$||1,200||1133||Top|
4.2 Rank in the Total United States ETF Market [out of 1,378 ETFs]
|Net Assets ($US)||37.7B||11|
|Rel Strength 6 Mon ($US)||51||680|
|Date||Brokerage||Action||Current Rating||Past Rating|
|Mar 31,2017||S&P Capital IQ||Upgrade||-||-|
|Oct 31,2015||S&P Capital IQ||Upgrade||-||-|
|Feb 28,2017||XTF Inc.||Downgrade||8.1 out of 10||8.1 out of 10|
|Apr 29,2016||XTF Inc.||Downgrade||7.7 out of 10||8.1 out of 10|
|Aug 02,2016||Sabrient Systems||Upgrade||-||-|
|Aug 24,2015||Ned Davis Research Group||UPGRADE||-||-|
REPORTED BUYING AND SELLING
6.1 Institutional Buying and Selling Quarter Ended March 31
Total reported Institutional buying = 70,906,065 ETFs
Total reported Institutional selling = 33,709,491 ETFs
Net reported institutional buying = 37,196,574 ETFs
6.2 Reported Holdings of Institutions as at Mar 31, 2017
Total = 258,897,025 ETFs
Market Value = $US35.7 billion
6.3 Top 40 Institutional Shareholders of iShares Russell 2000 Index Fund as at Mar 31, 2017
|Bank of America Corp, DE||26,430,941||10.84|
|Wells Fargo & Company||23,179,022||9.51|
|Goldman Sachs Group Inc.||20,002,137||8.2|
|JP Morgan Chase & Co||12,879,975||5.28|
|UBS Group AG||7,178,849||2.94|
|Credit Suisse AG||7,062,316||2.9|
|Jones Financial Companies LLLP||5,309,858||2.18|
|Windhaven Investment Management, Inc.||4,841,635||1.99|
|PNC Financial Services Group, Inc.||3,990,495||1.64|
|BNP Paribas Arbitrage, SA||2,502,260||1.03|
|Northern Trust Corp||2,362,994||0.97|
|Royal Bank Of Canada||2,164,273||0.89|
|United Services Automobile Association||2,029,548||0.83|
|Allianz Asset Management AG||1,933,508||0.79|
|M&T Bank Corp||1,787,686||0.73|
|Rafferty Asset Management, LLC||1,730,981||0.71|
|First Republic Investment Management, Inc.||1,566,383||0.64|
|Wellington Management Group LLP||1,425,262||0.58|
|Envestnet Asset Management Inc.||1,423,863||0.58|
|Bank of Montreal, CAN||1,385,850||0.57|
|Keybank National Association /OH||1,235,363||0.51|
|Clal Insurance Enterprises Holdings Ltd||1,232,396||0.51|
|Tower Research Capital LLC (TRC)||1,196,451||0.49|
|SG Americas Securities LLC||1,081,431||0.44|
|Bank of New York Mellon Corp||1,077,407||0.44|
|Charles Schwab Investment Advisory, Inc.||1,071,263||0.44|
|Landscape Capital Management, L.L.C.||1,005,379||0.41|
|TIAA-CREF Trust Company FSB, MO||999,202||0.41|
|Catalyst Capital Advisors LLC||988,022||0.41|
|Millburn Ridgefield Corp||988,022||0.41|
|Quantitative Investment Management, LLC||904,700||0.37|
|Parametric Portfolio Associates LLC||819,166||0.34|
|Passport Capital, LLC||785,100||0.32|
|U.S. Bancorp (DE)||768,400||0.32|
iShares Russell 2000 Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index measures the performances of the small-capitalization sector of the United States equity market. The Index is a subset of the Russell 3000 Index, and serves as the underlying index for the Russell 2000 Growth and Value Index series. The Index is capitalization-weighted and consists of the 2,000 smallest companies in the Russell 3000 Index. Component companies are adjusted for available float and must meet objective criteria for inclusion to the Index. 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 Russell 2000 Index Fund (NYSE:IWM)
|Inception Date||May 22, 2000|
|Expense Ratio||0.2% of average net assets|
|Category||Blend - Small Cap|
|Fund Family Name||iShares|
|Index Tracked||Russell 2000 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 0.2% of total assets
|Dividend Date:||July 06, 2017|
TOP HOLDINGS & PORTFOLIO ALLOCATION
9.1 Top Holdings (May 18, 2017)
|Advanced Micro Devices Inc||0.5|
|Take Two Interactive Software Inc||0.3|
|XPO Logistics Inc||0.3|
|New Residential Investment Corp||0.3|
9.2 Asset Allocation (May 24, 2017)
|ETF Cash Component||0.3|
9.3 Sector Breakdown (May 19, 2017)
9.4 Market Cap Breakdown (May 19, 2017)
9.5 Country Breakdown (May 24, 2017)