This summary was created by AI, based on 1 opinions in the last 12 months.
The iShares S&P 500 3% Capped Index (Hedged) ETF (XSPC-T) is designed to address the concentration risk associated with large tech companies by capping their weight at 3%. This allows investors to maintain exposure to mega-caps while reducing their dominance over the ETF's performance. Experts anticipate that it will closely track the S&P 500 but with lower concentration risk. Overall, the ETF aims to provide a more balanced and diversified approach to investing in mega-cap stocks.
iShares S&P 500 3% Capped Index (Hedged) ETF is a Canadian stock, trading under the symbol XSPC-T on the Toronto Stock Exchange (XSPC-CT). It is usually referred to as TSX:XSPC or XSPC-T
In the last year, there was no coverage of iShares S&P 500 3% Capped Index (Hedged) ETF published on Stockchase.
iShares S&P 500 3% Capped Index (Hedged) ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares S&P 500 3% Capped Index (Hedged) ETF.
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In the last year, there was no coverage of iShares S&P 500 3% Capped Index (Hedged) ETF published on Stockchase.
On 2024-12-13, iShares S&P 500 3% Capped Index (Hedged) ETF (XSPC-T) stock closed at a price of $43.89.
The "C" stands for capped, so any of its largest mega-cap holdings is capped at 3%. If you look at XSP or SPY, you'll see that the largest tech companies have about a 6% weight. So those ones are getting top-heavy. This ETF is a way to maintain exposure to the mega-caps, but diminish their role in steering the ship.
Anticipates this will track the S&P 500 very closely, but reduce concentration risk somewhat.