Global exchange-traded fund - iShares Russell 2000 Index Fund
UPDATE: iShares Russell 2000 Index Fund increases 0.8% on average volume 17 January, 2018
NEWS BITES - ETF
iShares Russell 2000 Index Fund (NYSE:IWM), the 13th largest Exchange Traded Fund by market cap in the United States, has increased $US1.23 (or 0.8%) from its last trading session of January 16, 2018 to close at $US157.62. The volume of 13.7 million units was close to average trading.
ISHARES RUSSELL 2000 INDEX FUND BULLISH SIGNALS
+ The price increased 1.8% in the last week and lifted 2.2% in the last month.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 155.88 minus the 26-day EMA of 154.34 is positive 1.54 suggesting a bullish signal.
+ Rises to Falls: in the past month the number of rises outnumbered falls 13:7 or 1.9:1.
+ In the last three months the ETF has hit a new 52-week high ten times, pointing to a significant uptrend.
+ The present value of $US1,000 (PV1000) invested one year ago in iShares Russell 2000 Index Fund is $US1,188, comprising a capital gain of $US173 and dividend reinvested of $US16.
|Morgan Stanley Capital International World Index [MSCI World]||1,000||1,004||1,182|
+ The present value of USD1,000 (PV1000) invested five years ago in iShares Russell 2000 Index Fund is $US1,937, including a capital gain of $US806 and dividend reinvested of $US131.
+ 5 years Multiplier in USD = 1.937x
+ Compound Annual Growth Rate (CAGR) in USD = 14.1%
1.2 Open Interest:
+ Open interest hit a six-day high.
1.3 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||$US2.1 billion||In Top 2%|
|Price/MAP50||1.04||In Top Quartile|
|Price/MAP200||1.06||In Top Quartile|
|Price Change %||0.8||In Top Quartile|
ISHARES RUSSELL 2000 INDEX FUND BEARISH SIGNALS
+ The 1.1% discount to 12-month high of $US159.41 against the 38.1% premium to 12-month low of $US114.11 suggests the climb might be peaking.
2.2 Overbought/Bearish/Resistance Signals:
+ The Stochastic indicator of 81.1 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.
2.3 Low Performance Indicator:
|Description||Value||Rank In Market|
|Volatility %||1.1||In Bottom Quartile|
PRICE VOLUME DYNAMICS
+ Volume: there were 13,378,026 units worth $US2.1 billion traded today. In the past week, volume was 1.2 times average and the units were up 1.8%.
3.2 Year-on-Year Comparison (Trailing year - ended 29 Dec)
In the past 5 years, IWM has jumped 32.4% from 115.16 to 152.46, an average annual compound rise of 5.8%.
|% Price Change||12.6||17.4||-3.7||4||39.9|
|Avg Daily Volume||13,203,008||12,299,063||15,047,765||44,236,023||40,968,150|
|Turnover Period||34 d||39 d||23 d||9 d||10 d|
|Price Range||114.11 - 155.41||93.42 - 138.82||106.99 - 129.17||103.54 - 120.97||82.13 - 115.97|
In the past 4 years average daily volume has declined 67.8% from 41 million units to 13.2 million units. Turnover period has increased from 10 days to 34 days. This indicates a larger number of core investors, making a long-term investment safer.
4.1 Global Rank out of 5,648 ETFs
The present value of $US1,000 invested a year ago is $US1,188, ranking it 2528 out of 5,648 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 66.
|Net Assets (US$)||34.1B||30||Top|
|Rel Strength 6 Mo (US$)||66||1909||Second|
|PV$1000 (1Year) US$||1,188||2528||Second|
4.2 Rank in the Total United States ETF Market [out of 1,421 ETFs]
|Net Assets ($US)||34.1B||9|
|Rel Strength 6 Mon ($US)||58||597|
|Date||Brokerage||Action||Current Rating||Past Rating|
|Mar 31,2017||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||-||-|
REPORTED BUYING AND SELLING
6.1 Institutional Buying and Selling Quarter Ended September 30
Total reported Institutional buying = 32,268,064 ETFs
Total reported Institutional selling = 13,759,929 ETFs
Net reported institutional buying = 18,508,135 ETFs
6.2 Reported Holdings of Institutions as at Sep 30, 2017
Total = 259,634,423 ETFs
Market Value = $US38.5 billion
6.3 Top 40 Institutional Shareholders of iShares Russell 2000 Index Fund as at Sep 30, 2017
|Bank of America Corp, DE||27,947,997||10.22|
|Goldman Sachs Group Inc.||24,337,018||8.9|
|Wells Fargo & Company||19,452,173||7.11|
|JP Morgan Chase & Co||10,703,143||3.91|
|BNP Paribas Arbitrage, SA||7,882,130||2.88|
|UBS Group AG||7,367,882||2.69|
|Jones Financial Companies LLLP||6,224,995||2.28|
|PNC Financial Services Group, Inc.||4,170,871||1.52|
|Quantitative Investment Management, LLC||4,022,500||1.47|
|Credit Suisse AG||2,310,975||0.84|
|Northern Trust Corp||2,292,436||0.84|
|M&T Bank Corp||2,171,094||0.79|
|Allianz Asset Management AG||2,167,719||0.79|
|LPL Financial LLC||1,936,000||0.71|
|SG Americas Securities LLC||1,707,230||0.62|
|First Republic Investment Management, Inc.||1,677,899||0.61|
|Rafferty Asset Management, LLC||1,647,720||0.6|
|Millburn Ridgefield Corp||1,522,997||0.56|
|Catalyst Capital Advisors LLC||1,522,997||0.56|
|Personal Capital Advisors Corp||1,466,808||0.54|
|Envestnet Asset Management Inc.||1,306,250||0.48|
|Sumitomo Mitsui Financial Group, Inc.||1,302,031||0.48|
|Bank of Montreal, CAN||1,221,185||0.45|
|Royal Bank Of Canada||1,185,984||0.43|
|Keybank National Association /OH||1,173,366||0.43|
|Wellington Management Group LLP||1,137,418||0.42|
|Bank of New York Mellon Corp||1,077,557||0.39|
|Charles Schwab Investment Advisory, Inc.||1,012,085||0.37|
|Senator Investment Group LP||1,000,000||0.37|
|Landscape Capital Management, L.L.C.||992,580||0.36|
|Moore Capital Management, LP||970,000||0.35|
|Silver Point Capital LP||966,000||0.35|
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:||December 21, 2017|
TOP HOLDINGS & PORTFOLIO ALLOCATION
9.1 Top Holdings (January 05, 2018)
|bluebird bio Inc||0.4|
|Exact Sciences Corp||0.3|
|SAGE Therapeutics Inc||0.3|
|Knight-Swift Transportation Holdings Inc||0.3|
|EPAM Systems Inc||0.3|
|MKS Instruments Inc||0.2|
9.2 Sector Breakdown (November 07, 2017)
9.3 Market Cap Breakdown (November 07, 2017)
9.4 Country Breakdown (November 07, 2017)