The iShares Core S&P Small-Cap ETF (IJR) was launched on 05/22/2000, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Blend segment of the US equity market.
Small cap stocks are struggling compared to large cap peers, with Apple Inc. worth more than the entire small cap market combined. Small cap ETFs are vulnerable in the stock market, with signs indicating they may lead the broader market down. The IJR small cap ETF is showing signs of weakness in technical charts, potentially indicating further downside risk.
As the three major bourses are hovering near record highs, investors are rotating to areas like utility and the small-caps, which are cheap and undervalued.