17 January, 2020 (16:00:00 EST)

UPDATE: SPDR S&P 500 ETF hits year-high 33rd time in three months


SPDR S&P 500 ETF Trust (NYSE:SPY), the largest Exchange Traded Fund by market cap in the United States, hit a 52-week high of $US331.82 during the day. In the last three months the ETF has hit a new 52-week high thirty-three times, pointing to a significant uptrend. The ETF price has increased $US1.58 (or 0.5%) from its last trading session of January 16 to close at $US331.53 The ETF advanced for a fifth consecutive day on Friday. Compared with the Morgan Stanley Capital International USA Index [MSCI USA] which rose 32.8 points (0.4%) in the day, the relative price increase was 0.1%. Its MCap is $US322.3 billion.

NET ASSET VALUE release date 16 January, 2020
The Net Asset Value (NAV) of the ETF is $US328.10 and it last traded at a premium of 1.047% to NAV.
SPYToday1 Day agoWeek agoMonth ago
Price, USD331.53328.5326.18318.35
NAV, USD328.1327.48326.61319.51
Price/NAV1.011.01.01.0
MSCI USA8,995.328,962.538,820.118,605.86


THE PAST WEEK [Price up 1.2% to $US329.95; NAV up 0.5% to $US328.10]
SPDR S&P 500 ETF NAV rises in 3 out of last 5 days.
DAYComment on PriceClose price [USD]NAV [USD]NAV ChangeComment on NAV
Jan 16increases329.95328.0960.616 
Jan 15rises for a third consecutive day, a three-day rise of 0.7%328.5327.481-0.466 
Jan 14Hits year-high 30th time in three months327.92327.9472.271Top Rise
Jan 13Hits year-high 14th time in one month327.49325.676-0.935Steepest Fall
Jan 10hits year-high 14th time in one month326.18326.6112.244 


THE PAST QUARTER

SPDR S&P 500 ETF jumps 11% in past quarter

SPDR S&P 500 ETF Trust (P:SPY), has jumped $US33.49 (or 11.2%) in the past quarter to close at $US331.53 today. Compared with the Morgan Stanley Capital International USA Index which rose 936.2 points (or 11.6%) in the past quarter, this represented a relative price change of -0.4%.

SECTION 1

SPDR S&P 500 ETF BULLISH SIGNALS

1.1 Technicals:
Uptrend: The ETF increased on average volume, rising for a fifth consecutive day.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 326.73 minus the 26-day EMA of 322.76 is positive 3.96 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 15:7 or 2.1:1.
+ In the last three months the ETF has hit a new 52-week high thirty-three times, pointing to a significant uptrend.
+ The present value of $US1,000 (PV1000) invested one year ago in SPDR S&P 500 ETF is $US1,305, comprising a capital gain of $US281 and dividend reinvested of $US24. A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International USA Index [MSCI USA] is shown below:
PV$10001-week1-month1-year
SPY.P1,0161,0471,305
MSCI World1,0161,0231,222
MSCI USA1,0201,0291,282
+ The present value of USD1,000 (PV1000) invested ten years ago in SPDR S&P 500 ETF is $US3,545, for a capital gain of $US2,545.
+ 10 years Multiplier in USD = 3.545x
+ Compound Annual Growth Rate (CAGR) in USD = 13.5%

1.2 High Performance Indicators:
DescriptionValueRank In Market
Today's Turnover$US14.8 billionIn Top 1%
Price/MAP2001.12In Top Quartile
Price/MAP501.05In Top Quartile

SECTION 2

SPDR S&P 500 ETF BEARISH SIGNALS

Technicals:
Overbought/Bearish/Resistance Signals:
+ At $US331.53 the price has risen above the upper Bollinger band resistance of $US331.27, indicating a downside risk for it to fall back within the band.
+ The Relative Strength Index (RSI) of 89.2 has penetrated the overbought line of 70, suggesting the price gain of 3.3% in the last 14 days is unusually high.
+ The ETF is overbought according to the Williams % R indicator of -2.5, suggesting the price is close to its 14-day high of $US331.82.

SECTION 3

PRICE VOLUME DYNAMICS


3.1 Volatility:
+ The SPDR S&P 500 ETF is at a discount of 0.1% to its 12-month high of $US331.82 traded on January 17.

3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]
Mon-FriChange %MSCI USA Change %RPC %Vol Ind [1 is avg]
Dec 16-201.82.2-0.41
Oct 28-Nov 011.41.5-0.10.6
Nov 25-291.110.10.6

3.3 The Worst 2 weeks in the past quarter [Relative Price Change or RPC]
Mon-FriChange %MSCI USA Change %RPC %Vol Ind [1 is avg]
Nov 18-22-0.1-0.20.10.7
Dec 30-Jan 030-0.10.10.6

3.4 Trailing 3 months
TurnoverUS$681.5 billion
Volume2,166,102,530
Volume Index (1 is avg)0.7

3.5 Trailing Price Change %
3-Year price change of 54.5% for SPY outperformed the change of 35.1% in the Morgan Stanley Capital International World Index [MSCI World] for a relative price change of 19.4%.
Price Change %QuarterYear3 Years
SPY11.228.154.5
MSCI World9.722.835.1

3.6 MCap: 5-Year Perspective
In the past 5 years Market Capitalization has increased by $US125.6 billion from $US195.1 billion to $US320.7 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years.
 Close PriceMCap (US$ B)
Last$US329.95320.7
1 Year ago$US256.91249
2 Years ago$US267.32278.9
3 Years ago$US214.59227.6
4 Years ago$US174.39160
5 Years ago$US180.77195.1

3.7 Moving Annual Return (Past 5 years)
Based on a dynamic start date of 5 years ago, the real rate of return has averaged 15.6%. The Moving Annual Return has been positive in 3 of the last 5 years. An investment a year ago in SPY would have produced a return of 30.2%.
SPYClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
Jan 17331.535.6228.12.230.2
1 Yr ago258.95.1(3.0)1.9(1.1)
2 Yrs ago266.914.824.42.226.6
3 Yrs ago214.594.54232.625.7
4 Yrs ago174.393.27(5.0)1.8(3.2)

Close 5 years ago $US183.61

3.8 Year-on-Year Comparison (Trailing year - ended 31 Dec)

In the past 5 years, SPY has jumped 69.3% from 189.61 to 321.02 , an average annual compound rise of 11.1%.
 20192018201720162015
Close321.02245.45258.29211.96189.61
% Price Change1316.40.95.122.1
Avg Daily Volume53,476,72630,822,19448,307,20985,632,268113,177,768
VWP264.98225.63201.02201.16178.56
Turnover Period27 d50 d27 d15 d12 d
Price Range240.67 - 323.8230.55 - 287.52205.22 - 259.98168.16 - 215.52168.16 - 197.3

In the past 4 years average daily volume has declined 52.7% from 113.2 million units to 53.5 million units. Turnover period has increased from 12 days to 27 days. This indicates a larger number of core investors, making a long-term investment safer.

Aggregate Volumes, Prices and Turnover Period:
[Volume Index or VI in brackets; 1 is average]
+ NYSE: SPY.P 44,749,758 [VI of 1.0] volume 100% of aggregate. Price: $US331.53.
+ Singapore: S27.SP 70 [VI of 0.7] volume 0% of aggregate. Price: $US330.41.
+ Aggregate volume: there were 44.7 million units of SPDR S&P 500 ETF worth $US14.8 billion traded today. The aggregate volume equalled average trading of 44.2 million units.

SECTION 4

RANKING

4.1 Global Rank out of 4,340 ETFs
The present value of $US1,000 invested a year ago is $US1,305, ranking it 431 out of 4,340 ETFs.Its 6-month relative strength (or price percentile rank) in USD is 83.
DescriptionValueRankQuartile
Net Assets (US$)257.4B5Top
Price/NAV1.01367Top
Rel Strength 6 Mo (US$)83723Top
PV$1000 (1Year) US$1,305431Top

4.2 Rank in the Total United States ETF Market [out of 1,462 ETFs]
DescriptionValueRank
Rel Strength 6 Mon ($US)82267
PV1000-1Year ($US)1,305219

SECTION 5

ANALYST RECOMMENDATION

DateBrokerageActionCurrent RatingPast Rating
Nov 29,2019XTF Inc.Downgrade9.9 out of 109.9 out of 10

SECTION 6

REPORTED BUYING AND SELLING

6.1 Top 40 Institutional Holders of SPDR S&P 500 ETF as at September 30, 2019
The top 40 institutional shareholders held 43.2% units of SPDR S&P 500 ETF. The largest shareholder was JP Morgan Chase & Co with 7.91% of SPDR S&P 500 ETF. The second largest shareholder was Bank of America Corp, DE with 4.66%.
Institution (CIK)ETFsHolding %Value $USDUnrealised Gain/(Loss)*
JP Morgan Chase & Co (0000019617)76,888,3007.9122.7 B2.6 B
Bank of America Corp, DE (0000070858)45,294,8274.6613.4 B1.5 B
Goldman Sachs Group Inc. (0000886982)44,198,8224.5513.1 B1.5 B
Morgan Stanley (0000895421)40,842,9804.212.1 B1.4 B
UBS Group AG (0001610520)17,203,1291.775.1 B587.7 M
Barclays PLC (0000312069)16,423,5641.694.9 B561.1 M
Wells Fargo & Company (0000072971)16,412,4151.694.9 B560.7 M
TD Asset Management Inc. (0001056053)14,641,3371.514.3 B500.2 M
Northern Trust Corp (0000073124)12,482,0621.283.7 B426.4 M
Citigroup Inc. (0000831001)9,935,2131.022.9 B339.4 M
Toronto Dominion Bank (0000947263)9,678,91312.9 B330.7 M
Bridgewater Associates, LP (0001350694)7,038,4660.722.1 B240.5 M
Allianz Asset Management AG (0001535323)6,518,0740.671.9 B222.7 M
Ameriprise Financial Inc. (0000820027)6,339,7250.651.9 B216.6 M
Credit Suisse AG (0000824468)6,010,7990.621.8 B205.4 M
PNC Financial Services Group, Inc. (0000713676)5,981,8140.621.8 B204.4 M
U.S. Bancorp (DE) (0000036104)5,656,3930.581.7 B193.2 M
Royal Bank Of Canada (0001000275)5,417,5340.561.6 B185.1 M
BNP Paribas Arbitrage, SA (0001166588)5,143,7550.531.5 B175.7 M
FMR LLC (0000315066)4,800,1150.491.4 B164 M
National Mutual Insurance Federation Of Agricultural Cooperatives (0001542927)4,587,8320.471.4 B156.7 M
Northwestern Mutual Wealth Management Co (0001141802)4,450,2830.461.3 B152 M
Natixis (0001274981)4,450,0000.461.3 B152 M
The Norinchukin Bank (0001496637)4,019,0000.411.2 B137.3 M
Envestnet Asset Management Inc. (0001407543)3,938,2840.411.2 B134.5 M
Wafra Investment Advisory Group Inc. /NY (0000920440)3,624,7720.371.1 B123.8 M
Mizuho Securities USA Inc. (0001513006)3,552,5090.371.1 B121.4 M
LPL Financial LLC (0001403438)3,190,1270.33943.6 M109 M
Stifel Financial Corp (0000720672)3,046,9340.31901.2 M104.1 M
First Republic Investment Management, Inc. (0001418204)2,831,4600.29837.5 M96.7 M
Voloridge Investment Management, LLC (0001556921)2,811,4650.29831.6 M96.1 M
National Pension Service (0001608046)2,795,5370.29826.9 M95.5 M
Bank of Tokyo - Mitsubishi UFJ, Ltd (0000852743)2,701,0000.28798.9 M92.3 M
Churchill Management Corp (0001094749)2,510,0660.26742.4 M85.8 M
William Blair Investment Management, LLC (0001644956)2,457,3000.25726.8 M84 M
Veritable, LP (0001300311)2,405,1690.25711.4 M82.2 M
Dupont Capital Management Corp (0001128251)2,382,3540.25704.7 M81.4 M
Liberty Mutual Group Asset Management Inc. (0001533497)2,377,8790.24703.3 M81.2 M
Raymond James (0001084208)2,258,6060.23668.1 M77.2 M
AllianceBernstein (0001109448)2,258,4900.23668 M77.2 M
Held by Top 40419,557,30443.17124.1 billion 

*Note: Unrealised profit/(loss) is computed on the basis of ETFs held at end of quarter times current price of $US329.95 less price at end of quarter of $US295.79.

6.2 Major Increases in Top 40 institutional shareholders September 30, 2019 vs June 30, 2019
Bank of America Corp, DE increased their shareholding in SPDR S&P 500 ETF by 8 million units worth USD 2.4 billion. Goldman Sachs Group Inc. increased their shareholding by 6.3 million units worth USD 1.9 billion.
Institution (CIK)Increase in ETFsChange, $USD
Bank of America Corp, DE (0000070858)8,034,4702.4 B
Goldman Sachs Group Inc. (0000886982)6,336,7631.9 B
Morgan Stanley (0000895421)6,136,8011.8 B
Barclays PLC (0000312069)4,901,1051.4 B
Citigroup Inc. (0000831001)4,271,8651.3 B
Credit Suisse AG (0000824468)3,196,303939.3 M
TD Asset Management Inc. (0001056053)2,163,209635.7 M
Natixis (0001274981)1,000,000293.9 M
Northern Trust Corp (0000073124)708,170208.1 M
Royal Bank Of Canada (0001000275)409,645120.4 M
Bridgewater Associates, LP (0001350694)259,53076.3 M
Northwestern Mutual Wealth Management Co (0001141802)33,97210 M
Churchill Management Corp (0001094749)18,0975.3 M
Total37,469,930 

6.3 Major Decreases in Top 40 institutional shareholders September 30, 2019 vs June 30, 2019
JP Morgan Chase & Co reduced their shareholding in SPDR S&P 500 ETF by 10.4 million units worth USD 3 billion. UBS Group AG reduced their shareholding by 6.5 million units worth USD 1.9 billion.
Institution (CIK)Decrease in ETFsChange, $USD
JP Morgan Chase & Co (0000019617)10,350,727(3 B)
UBS Group AG (0001610520)6,504,436(1.9 B)
Toronto Dominion Bank (0000947263)2,118,141(622.5 M)
National Mutual Insurance Federation Of Agricultural Cooperatives (0001542927)1,865,000(548.1 M)
AllianceBernstein (0001109448)411,641(121 M)
Ameriprise Financial Inc. (0000820027)170,762(50.2 M)
Stifel Financial Corp (0000720672)140,487(41.3 M)
PNC Financial Services Group, Inc. (0000713676)107,859(31.7 M)
First Republic Investment Management, Inc. (0001418204)95,638(28.1 M)
LPL Financial LLC (0001403438)90,633(26.6 M)
FMR LLC (0000315066)70,430(20.7 M)
U.S. Bancorp (DE) (0000036104)64,323(18.9 M)
Veritable, LP (0001300311)57,145(16.8 M)
Raymond James (0001084208)18,586(5.5 M)
Wafra Investment Advisory Group Inc. /NY (0000920440)12,633(3.7 M)
Wells Fargo & Company (0000072971)10,897(3.2 M)
Envestnet Asset Management Inc. (0001407543)5,280(1.6 M)
Total22,094,618 

6.4 New Entrants in Top 40 institutional shareholders as at September 30, 2019
Institution (CIK)ETFsValue, $USD
Allianz Asset Management AG (0001535323)6,518,0741.9 B
BNP Paribas Arbitrage, SA (0001166588)5,143,7551.5 B
Mizuho Securities USA Inc. (0001513006)3,552,5091.1 B
Voloridge Investment Management, LLC (0001556921)2,811,465831.6 M
Bank of Tokyo - Mitsubishi UFJ, Ltd (0000852743)2,701,000798.9 M
William Blair Investment Management, LLC (0001644956)2,457,300726.8 M
Dupont Capital Management Corp (0001128251)2,382,354704.7 M
Liberty Mutual Group Asset Management Inc. (0001533497)2,377,879703.3 M
Total27,944,336 

6.5 Drop Outs from Top 40 institutional shareholders as at September 30, 2019
Institution (CIK)ETFsValue, $USD
Mackenzie Financial Corp (0000919859)2,244,152663.8 M
Suntrust Banks Inc. (0000750556)2,210,804653.9 M
Mackay Shields LLC (0000061227)2,187,378647 M
Stadion Money Management, LLC (0001321220)1,725,894510.5 M
Bank of Montreal, CAN (0000927971)1,718,163508.2 M
Deutsche Bank AG (0000948046)1,269,804375.6 M
Optiver US LLC (0001716559)837,172247.6 M
Total12,193,367 

SECTION 7

PROFILE

7.1 Description
SPDR S&P 500 ETF Trust is an exchange-traded fund incorporated in the USA. The ETF tracks the S&P 500 Index. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index. It holds predominantly large-cap U.S. stocks. This ETF reinvests dividends on a quarterly basis because it's structured as a Unit Investment Trust. The holdings are weighted by market capitalization.

7.2 SNAPSHOT
SPDR S&P 500 ETF Trust (NYSE:SPY)
ISIN: US78462F1030
Inception DateJanuary 22, 1993
Expense Ratio0.1% of average net assets
CategoryBlend - Large Cap
Fund Family NameState Street SPDR
Index TrackedS&P 500 Index
Asset ClassEquity

7.3 Contact details
Websitehttps://www.spdrs.com/product/fund.seam?ticker=SPY
Physical AddressState Street Financial Center One Lincoln Street Boston, MA 02111 UNITED STATES
Phone1-866-787-2257

7.4 ETF Summary
Last$US329.95
Volume26,534,117
Volume Index (1 is avg)0.6
Market Cap$US320.7 billion
Day's Range329.45 - 330.14
52-Week Range255.13 - 330.14
Units Outstanding972,032,000
Relative Strength (3 mo)81

7.5 Fund Manager and Management Fees
+ The manager of the ETF is John Tucker. The management fee is 0.09% of total assets

SECTION 8

DIVIDEND

Dividend:1.6
Dividend Date:December 20, 2019
Dividend Yield:1.7%
Annual Dividend:$US5.62

SECTION 9

TOP HOLDINGS

9.1 Top Holdings (July 31, 2019)
HoldingsWeight (%)
Microsoft Corp4.3
Apple Inc3.6
Amazon.com Inc3.1
Facebook Inc1.9
Berkshire Hathaway Inc1.6
Alphabet Inc1.5
JPMorgan Chase & Co1.5
Alphabet Inc1.5
Johnson & Johnson1.4
Exxon Mobil Corp1.3
SPY.P
CIK: 884394
CUSIP: 78462F103

Source: www.BuySellSignals.com