Russell Small & Micro Cap Vs. SPDR Trust ETF Thursday
October 23, 2009 (FinancialWire) — The iShares Russell Microcap ETF (NYSE: IWC), the iShares Russell 2000 ETF (NYSE: IWM) and the SPDR Trust ETF (NYSE: SPY) all closed yesterday’s session with gains. In terms of overall performance, the Russell Microcap and Russell 200 ETFs slightly outperformed the SPDR Trust ETF.
The iShares Russell Microcap closed up $0.53 per share (+1.362%) at $39.45 per share. The Russell Microcap’s intra-day range was $0.81, with an intra-day high of +$0.59 per share and an intra-day low of -$0.22 per share.
The iShares Russell 2000 closed up $0.84 per share (+1.388%) at $61.34 per share. The Russell 2000’s intra-day range was $1.84, with an intra-day high of +$1.11 per share and an intra-day low of -$0.73 per share.
The SPDR Trust closed up $1.10 per share (+1.016%) at $109.33 per share. The SPDRs intra-day range was $2.18, with an intra-day high of +$1.45 per share and an intra-day low of -$0.73 per share.
Comparing performance of the SPDR Trust ETF to the iShares Russell 2000 ETF and the iShares Russell Microcap ETF provides a fair representation of how small- and micro-cap stocks are faring in relation to their greater capitalized counterparts.
About The ETFs:
The iShares Russell 2000 ETF invests in approximately 2000 of the smallest capitalization-weighted companies in the Russell 3000 index, yielding investment results that correspond generally to the price and yield performance of the Russell 2000 Index, investing in at least 90% of assets in the securities of the underlying index. It uses a representative sampling strategy to track the Russell 2000 Index, which measures the performance of the small-capitalization sector of the US equity broad market.
The iShares Russell Microcap ETF investment results correspond generally to the price and yield performance of the Russell Microcap index, investing at least 90% of assets in the securities of that underlying index. The ETF uses a representative sampling strategy to track the Russell Microcap Index. The index, itself, is capitalization-weighted and includes companies ranging in total market capitalization from approximately $50 million to $550 million, which represents approximately 3% of the market capitalization of listed U.S. equity securities.
The SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks, and corresponds generally to the price and yield performance of the S&P 500 Index. It is comprised of undivided ownership interests called SPDRs. The fund issues and redeems SPDRs in multiples of 50,000 SPDRs in exchange for S&P 500 Index stocks and cash.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for ETF component companies are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.