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Asset Summary

Daily Performance Report for IWO ETF: Nov 21, 2024

Summary: The day started with IWO ETF opening at $299.11 and closing at $299.11. The ETF showed stability throughout the day, with the highest price observed at $299.11 and the lowest at $299.11. The underlying asset had a trading range of $0.00 Overall, it was a neutral trading day for IWO ETF, reflecting stability in market activity.

Change in Closing Price: There was a net no change in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for IWO ETF was 2,000 units during Nov 21, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $299.11.

Highest Price: The highest price observed during the day was $299.11.

Lowest Price: The lowest price observed during the day was $299.11.

Closing Price: The day ended at $299.11.

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

IWO rebalances its portfolio in response to changes in the Russell 2000 Growth Index. When the index undergoes reconstitution or rebalancing, the ETF adjusts its holdings to reflect the new composition of the index.

Yes, IWO can be held in retirement accounts such as IRAs or 401(k)s. Its suitability depends on the investor’s long-term strategy and risk tolerance.

Similar ETFs to IWO include VONG (Vanguard Russell 2000 Growth ETF) and SLYG (SPDR S&P 600 Small Cap Growth ETF). These funds also focus on small-cap growth stocks but may track different indices or have varying expense ratios and management strategies.

IWO is managed passively by iShares. The fund aims to replicate the performance of the Russell 2000 Growth Index by holding a portfolio of stocks that mirrors the index’s composition. The management involves regular rebalancing to ensure the ETF's holdings align with the index.

The historical performance of IWO reflects its objective to track the Russell 2000 Growth Index. Historical performance data is available through financial platforms and can be used to evaluate how the ETF has tracked the index over different time periods.

IWO aims to closely track the Russell 2000 Growth Index. Due to its passive management strategy, the ETF typically has a low tracking error, meaning its performance is expected to closely mirror that of the index. However, minor deviations may occur due to factors such as fund expenses and management.

Key performance metrics for IWO include its net asset value (NAV), expense ratio, total return, and tracking error. NAV indicates the per-share value of the ETF, the expense ratio represents the cost of managing the fund, total return reflects the fund’s performance including dividends, and tracking error measures how closely the ETF’s performance matches the index.

IWO specifically tracks the Russell 2000 Growth Index, which focuses on small-cap growth stocks. Other small-cap growth ETFs might track different indices, such as the S&P SmallCap 600 Growth Index, or have different management strategies and expense ratios. Comparing IWO with other similar ETFs involves examining the underlying index, fees, and performance characteristics.

IWO generally distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying stocks in the ETF’s portfolio.

Risks associated with IWO include market risk and specific risk related to small-cap growth stocks. Small-cap stocks can be more volatile than large-cap stocks, and growth stocks might underperform value stocks during certain market conditions. The ETF’s performance is directly tied to the Russell 2000 Growth Index.

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