27 March, 2020 (16:00:00 EST)
SPDR S&P 500 ETF decreases 1.0% on high volume
SPDR S&P 500 ETF Trust (NYSE:SPY), the largest Exchange Traded Fund by market cap in the United States, has decreased $US2.51 (or 1.0%) from its last trading session of March 26 to close at $US255.61 , ending a three-day streak of rises. Compared with the Morgan Stanley Capital International USA Index [MSCI USA] which fell 237.4 points (3.3%) in the day, the relative price increase was 2.4%. The fall was exacerbated by high volume of 2.3 times the average daily volume of 57.8 million units. Its MCap is $US241.8 billion.
NET ASSET VALUE release date 26 March, 2020
The Net Asset Value (NAV) of the ETF is $US246.72 and it last traded at a premium of 3.604% to NAV.
|SPY||Today||1 Day ago||Week ago||Month ago|
THE PAST WEEK [Price up 12.7% to $US258.12; NAV up 2.2% to $US246.72]
SPDR S&P 500 ETF NAV rises in 3 out of last 4 days.
|DAY||Comment on Price||Close price [USD]||NAV [USD]||NAV Change||Comment on NAV|
|Mar 26||Lifts 3.7%||258.12||246.718||2.816|| |
|Mar 25||Inches higher, resistance at 12-day EMA||248.82||243.902||14.219||Top Rise|
|Mar 23||In 2nd consecutive fall, nears a 41-month low||221.47||229.683||-11.778||Steepest Fall|
|Mar 20||Sinks 5.3% on spectacular volume||228.95||241.461||1.144|| |
THE PAST YEAR
SPDR S&P 500 ETF decreases 7% in past year
SPDR S&P 500 ETF Trust (P:SPY), decreased $US18.53 (or 6.8%) in the past year to close at $US255.61 today. Compared with the Morgan Stanley Capital International USA Index which has fallen 8.6% over the same period, this is a relative price increase of 1.9%.
SPDR S&P 500 ETF BEARISH SIGNALS
+ In the last three months the ETF has hit a new 52-week low five times, pointing to a downtrend.
+ The price plummeted 15.5% in the last month.
+ Compared with the Morgan Stanley Capital International World Index [MSCI World] which fell 16.1% for the month, this represented a relative price decrease of 0.6% for the month.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 252.22 minus the 26-day EMA of 269.57 is negative 17.35 suggesting a bearish signal.
SPDR S&P 500 ETF BULLISH SIGNALS
+ In the last three months the ETF has hit a new 52-week high seventeen times, pointing to a significant uptrend.
+ The present value of USD1,000 (PV1000) invested ten years ago in SPDR S&P 500 ETF is $US2,631, for a capital gain of $US1,631.
+ 10 years Multiplier in USD = 2.631x
+ Compound Annual Growth Rate (CAGR) in USD = 10.2%
2.2 High Performance Indicator:
|Description||Value||Rank In Market|
|Today's Turnover||$US33.6 billion||In Top 1%|
PRICE VOLUME DYNAMICS
+ SPDR S&P 500 ETF is at a discount of 24.2% to its 12-month high of $US337.11 on February 19. It is also at a premium of 17.1% to the 12-month low of $US218.26 on March 23.
+ The present value of $US1,000 (PV1000) invested one year ago in SPDR S&P 500 ETF is $US952, comprising a capital loss of $US68 and dividend reinvested of $US19. A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International USA Index [MSCI USA] is shown below:
3.2 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]
|Mon-Fri||Change %||MSCI USA Change %||RPC %||Vol Ind [1 is avg]|
3.3 Trailing 3 months
|Volume Index (1 is avg)||1.7|
3.4 Trailing Price Change %
3-Year price change of 15.8% for SPY outperformed the change of -1% in the Morgan Stanley Capital International World Index [MSCI World] for a relative price change of 16.8%.
|Price Change %||Quarter||Year||3 Years|
3.5 MCap: 5-Year Perspective
In the past 5 years Market Capitalization has increased by $US51.6 billion from $US192.6 billion to $US244.2 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.
| ||Close Price||MCap (US$ B)|
|1 Year ago||$US274.49||262.2|
|2 Years ago||$US248.62||264.3|
|3 Years ago||$US220.71||234.4|
|4 Years ago||$US188.14||179.9|
|5 Years ago||$US186.39||192.6|
3.6 Moving Annual Return (Past 5 years)
Based on a dynamic start date of 5 years ago, the real rate of return has averaged 9.2%. The Moving Annual Return has been positive in 4 out of 5 years.
|SPY||Close (USD)||Dividends (USD)||Capital Gain / (Loss) %||% Yield||Annual Return %|
|1 Yr ago||274.14||5.24||7.6||2.1||9.6|
|2 Yrs ago||254.88||4.87||15.5||2.2||17.7|
|3 Yrs ago||220.71||4.52||17.3||2.4||19.7|
|4 Yrs ago||188.14||4.32||1.2||2.3||3.5|
Close 5 years ago $US185.94
3.7 Year-on-Year Comparison (Trailing year - ended 28 Feb)
In the past 5 years, SPY has jumped 52.8% from 191.88 to 293.21 , an average annual compound rise of 8.9%.
|% Price Change||13||16.4||0.9||5.1||22.1||17.9|
|Avg Daily Volume||53,476,726||30,822,194||48,307,209||85,632,268||113,177,768||147,371,047|
|Turnover Period||27 d||50 d||27 d||15 d||12 d||9 d|
|Price Range||267.36 - 339.08||229.42 - 286.11||214.12 - 276.34||172.57 - 224.21||167.34 - 196.34||164.25 - 193.85|
In the past 5 years average daily volume has declined 63.7% from 147.4 million units to 53.5 million units. Turnover period has increased from 9 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 131,778,267 [VI of 2.3] volume 99.998% of aggregate. Price: $US255.61.
+ Singapore: S27.SP 2,040 [VI of 9.5] volume 0.002% of aggregate. Price: $US257.91.
+ Aggregate volume: there were 131.8 million units of SPDR S&P 500 ETF worth $US33.6 billion traded today. The aggregate volume was 2.3 times average trading of 57.8 million units.
4.1 Global Rank out of 5,238 ETFs
The present value of $US1,000 invested a year ago is $US952, ranking it 1105 out of 5,238 ETFs.Its 6-month relative strength (or price percentile rank) in USD is 70.
|Net Assets (US$)||257.4B||5||Top|
|Rel Strength 6 Mo (US$)||70||1581||Second|
|PV$1000 (1Year) US$||952||1105||Top|
4.2 Rank in the Total United States ETF Market [out of 1,434 ETFs]
|Rel Strength 6 Mon ($US)||58||607|
|Date||Brokerage||Action||Current Rating||Past Rating|
|Jan 31,2020||Morningstar, Inc.||Upgrade||5 out of 5|| |
|Jan 31,2020||XTF Inc.||Downgrade||9.9 out of 10||9.9 out of 10|
SPDR S&P 500 ETF Trust is an exchange-traded fund incorporated in the USA. The ETF tracks the S&P 500 Index. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index. It holds predominantly large-cap U.S. stocks. This ETF reinvests dividends on a quarterly basis because it's structured as a Unit Investment Trust. The holdings are weighted by market capitalization.
SPDR S&P 500 ETF Trust (NYSE:SPY)
|Inception Date||January 22, 1993|
|Expense Ratio||0.1% of average net assets|
|Category||Blend - Large Cap|
|Fund Family Name||State Street SPDR|
|Index Tracked||S&P 500 Index|
6.3 Contact Details
|Physical Address||State Street Financial Center One Lincoln Street Boston, MA 02111 UNITED STATES |
6.4 ETF Summary
|Mar 27 close||$US255.61|
|Ave Daily Volume||57,757,416 shares|
|52-Week Range||218.26 - 337.11|
|% Held by 1935 Institutions||69.2%|
|Market Cap||$US241.8 billion|
6.5 Fund Manager and Management Fees
+ The manager of the ETF is John Tucker. The management fee is 0.09% of total assets
|Dividend Date:||March 20, 2020|
TOP HOLDINGS & PORTFOLIO ALLOCATION
8.1 Top Holdings (January 28, 2020)
|Berkshire Hathaway Inc||1.6|
|JPMorgan Chase & Co||1.5|
|Johnson & Johnson||1.5|
8.2 Sector Breakdown (January 28, 2020)
8.3 Market Cap Breakdown (January 29, 2020)