ETF Spotlight: iShares S&P 500 | Page 2 of 2 | ETF Trends

What You Should Know:

  • BlackRock‘s iShares ETF division sponsors the fund.
  • IVV has an expense ratio of 0.09%.
  • The fund holds 501 securities and the top ten holdings account for 20.3% of the overall portfolio.
  • Sector allocations include: information technology 20.2%, financials 14.6%, energy 11.8%, health care 11.3%, consumer discretionary 10.9%, consumer staples 10.7%, industrials 10.7%, materials 3.5%, utilities 3.4%, telecommunication 2.7% and other 0.2%.
  • The ETF has a 12-month yield of 1.9%.
  • The fund is up 3.5% over the past month, up 13.5% over the past three months and up 9.2% over the last year.
  • IVV is 8.7% above its 200-day exponential moving average.
  • “It has had more than a 99% correlation with the broad U.S. market and a 90% correlation to developed international stocks,” according to Morningstar analyst Michael Rawson, CFA.
  • “This fund tracks the S&P 500, a diversified large- and mid-cap stock index of U.S. companies with a slight quality tilt because of conservative eligibility requirements with regard to unprofitable companies or recent IPOs,” Rawson added.
  • One of the fund’s main competitors is the SPDR S&P 500 ETF (NYSEArca: SPY). [ETF Spotlight: SPDR S&P 500]

The Latest News:

  • The S&P 500 was just an inch away from 1,400 before pulling backing Wednesday. [Are Stock ETFs Still Cheap After Rally?]
  • Financial stocks rallied after the Fed announced most of the largest U.S. banks passed their annual stress test, with the exception of a few, such as Citi, reports Rodgrigo Campos for Reuters.
  • The Fed projects “moderate” growth over the next few quarters, with the jobless rate improving.
  • “We are still not seeing the kind of volume that would suggest this is comprehensively being bought into by all investors,” Gordon Charlop, a managing director at Rosenblatt Securities, said in the Reuters report. “But people are able to tolerate more risk now.

iShares S&P 500 Index Fund

For past stories in this series, visit our ETF Spotlight category.

Max Chen contributed to this article.