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Asset Summary

Daily Performance Report for IVV ETF: Sep 18, 2024

Summary: The day started with IVV ETF opening at $566.97 and closing at $567.28. The ETF showed resilience throughout the day, with the highest price observed at $571.84 and the lowest at $563.95. The underlying asset had a trading range of $7.89 Overall, it was a positive trading day for IVV ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.31 or 0.05% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for IVV ETF was 4,292,212 units during Sep 18, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $566.97.

Highest Price: The highest price observed during the day was $571.84.

Lowest Price: The lowest price observed during the day was $563.95.

Closing Price: The day ended at $567.28.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Investors can purchase shares of IVV through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "IVV."

IVV adjusts its holdings to reflect any stock splits or rebalancing events in the S&P 500 Index. This ensures that the ETF continues to track the performance of the index accurately.

As of the latest update, IVV has an expense ratio of approximately 0.03%. This low fee reflects the fund’s efficient management and is designed to cover the costs associated with operating the ETF.

IVV is designed to closely track the performance of the S&P 500 Index. Any deviations from the index's performance are minimal due to the fund's passive management approach. IVV aims to deliver returns that are very similar to those of the S&P 500 Index, minus its management fees.

IVV distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying stocks in the S&P 500 Index and are paid out to shareholders based on the number of shares they hold.

Factors affecting IVV’s performance include changes in the S&P 500 Index, overall market conditions, economic data, and corporate earnings of the companies within the index. The ETF’s performance may also be slightly influenced by its expense ratio and tracking error.

Key performance metrics for IVV include net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio is the annual cost of managing the fund, total return reflects overall performance including dividends, and tracking error measures how closely IVV follows the S&P 500 Index.

The historical performance of IVV reflects the performance of the S&P 500 Index. Historically, the S&P 500 has shown long-term growth, but past performance is not indicative of future results. IVV aims to replicate this performance as closely as possible.

Similar ETFs to IVV include the Vanguard S&P 500 ETF (VOO) and the SPDR S&P 500 ETF Trust (SPY). All three ETFs aim to track the performance of the S&P 500 Index but may differ in expense ratios and fund structures.

Yes, IVV can be held in retirement accounts such as IRAs or 401(k)s. Its broad market exposure and low expense ratio make it a popular choice for long-term investment strategies in retirement accounts.

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