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Asset Summary

Daily Performance Report for SPLG ETF: Nov 16, 2024

Summary: The day started with SPLG ETF opening at $68.9 and closing at $68.89. The ETF showed weakness throughout the day, with the highest price observed at $68.95 and the lowest at $68.89. The underlying asset had a trading range of $0.06 Overall, it was a negative trading day for SPLG ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.01 or -0.01% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SPLG ETF was 984 units during Nov 16, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $68.9.

Highest Price: The highest price observed during the day was $68.95.

Lowest Price: The lowest price observed during the day was $68.89.

Closing Price: The day ended at $68.89.

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

The historical performance of SPLG reflects the performance of the S&P 500 Growth Index. Historically, growth stocks have shown strong performance during bull markets but may experience higher volatility. Past performance of SPLG is designed to align closely with that of the S&P 500 Growth Index.

Factors affecting SPLG’s performance include changes in the S&P 500 Growth Index, overall market conditions, economic data, and the performance of the underlying growth stocks. Market volatility and interest rate changes can also impact the ETF's performance.

SPLG differs from other growth ETFs primarily in its expense ratio and the index it tracks. For example, the iShares S&P 500 Growth ETF (IVW) also targets growth stocks within the S&P 500 but may have a different expense ratio and slight differences in stock weightings. SPLG is known for its low expense ratio and focus on replicating the S&P 500 Growth Index.

Key performance metrics for SPLG 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 SPLG follows the S&P 500 Growth Index.

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

SPLG is designed to closely track the performance of the S&P 500 Growth Index. The ETF aims to deliver returns that are very similar to those of the index, with any deviations being minimal due to the fund’s passive management approach.

SPLG is managed by State Street Global Advisors. It uses a passive management strategy to replicate the performance of the S&P 500 Growth Index. The ETF holds a portfolio of stocks that mirrors the index in terms of stock selection and weightings, aiming to deliver returns that closely match the index.

Yes, SPLG can be held in retirement accounts such as IRAs or 401(k)s. Its focus on growth stocks and low expense ratio make it a viable option for investors looking to include growth-oriented investments in their retirement portfolios.

SPLG adjusts its holdings to reflect stock splits or rebalancing events in the S&P 500 Growth Index. This ensures that the ETF remains aligned with the index’s composition and continues to accurately track its performance.

Similar ETFs to SPLG include the iShares S&P 500 Growth ETF (IVW) and the Vanguard Growth ETF (VUG). All these ETFs aim to provide exposure to growth stocks within the broader S&P 500 Index but may differ in expense ratios and specific stock weightings.

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