BofA watched clients retract $2B last week as the S&P dropped
Seeking Alpha News (Tue, 23-Apr 2:34 PM ET)
J.P. Morgan's Kolanovic says the correction in stocks isn't finished yet
Seeking Alpha News (Mon, 22-Apr 4:40 PM ET)
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Seeking Alpha News (Mon, 22-Apr 11:18 AM ET)
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Seeking Alpha News (Fri, 19-Apr 11:18 AM ET)
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Business Wire (Tue, 13-Feb 7:00 AM ET)
The iShares S&P 500 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of U.S. large-cap stocks as represented by the Standard & Poors 500 Index.
iShares Core S&P 500 ETF trades on the ARCA stock market under the symbol IVV.
As of April 24, 2024, IVV stock price declined to $507.39 with 2,047,621 million shares trading.
IVV has a beta of 1.00, meaning it tends to be more sensitive to market movements. IVV has a correlation of 1.00 to the broad based SPY ETF.
IVV has a market cap of $436.25 billion. This is considered a Mega Cap stock.
In the last 3 years, IVV stock traded as high as $527.16 and as low as $349.53.
IVV has outperformed the market in the last year with a return of +24.3%, while the SPY ETF gained +24.2%. However, in the most recent history, IVV shares have underperformed the stock market with its stock returning +4.5% in the last 3 month period and -2.8% for the last 2 week period, while SPY has returned +4.5% and -2.7%, respectively.
IVV support price is $503.81 and resistance is $512.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IVV stock will trade within this expected range on the day.