SPDR BOFA Ownership
| XOVR Etf | USD 18.41 0.10 0.54% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
SPDR |
SPDR Etf Ownership Analysis
SPDR BOFA is is formed as Regulated Investment Company in the United States. ETF is managed and operated by Ultimus Fund Solutions, LLC. The fund has 31 constituents across multiple sectors and instustries. The fund charges 0.75 percent management fee with a total expences of 0.75 percent of total asset. The fund created five year return of 11.0%. SPDR BOFA MERRILL keeps about 95.47% of net assets in bonds. For more information please call the company at 866-787-2257.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR BOFA , and the less return is expected.
Investment Allocations (%)
Top Etf Constituents
| DKNG | DraftKings | Stock | |
| PSTG | Pure Storage | Stock | |
| PCTY | Paylocity Holdng | Stock | |
| CPAY | Corpay Inc | Stock | |
| APPF | Appfolio | Stock | |
| CRWD | Crowdstrike Holdings | Stock | |
| RMD | ResMed Inc | Stock | |
| MEDP | Medpace Holdings | Stock | |
| ORCL | Oracle | Stock | |
| IOT | Samsara | Stock | |
| CPRT | Copart Inc | Stock | |
| GOOGL | Alphabet Inc Class A | Stock | |
| META | Meta Platforms | Stock | |
| APP | Applovin Corp | Stock | |
| TTD | Trade Desk | Stock | |
| DDOG | Datadog | Stock | |
| TOST | Toast Inc | Stock | |
| TSLA | Tesla Inc | Stock | |
| SNPS | Synopsys | Stock | |
| MDB | MongoDB | Stock | |
| NVDA | NVIDIA | Stock | |
| UTHR | United Therapeutics | Stock | |
| ABNB | Airbnb Inc | Stock | |
| ANET | Arista Networks | Stock | |
| CRM | Salesforce | Stock | |
| UI | Ubiquiti Networks | Stock | |
| HOOD | Robinhood Markets | Stock | |
| REGN | Regeneron Pharmaceuticals | Stock | |
| MPWR | Monolithic Power Systems | Stock | |
| DASH | DoorDash, Class A | Stock |
Pair Trading with SPDR BOFA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR BOFA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR BOFA will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.97 | VUG | Vanguard Growth Index | PairCorr |
| 0.97 | IWF | iShares Russell 1000 | PairCorr |
| 0.96 | IVW | iShares SP 500 | PairCorr |
| 0.96 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.97 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to SPDR BOFA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR BOFA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR BOFA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR BOFA MERRILL to buy it.
The correlation of SPDR BOFA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR BOFA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR BOFA MERRILL moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR BOFA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR BOFA MERRILL. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of SPDR BOFA MERRILL is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR BOFA's value that differs from its market value or its book value, called intrinsic value, which is SPDR BOFA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR BOFA's market value can be influenced by many factors that don't directly affect SPDR BOFA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR BOFA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR BOFA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR BOFA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.