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IEF dips below its 10-month moving average in Ivy Portfolio update

ETF Trends said the Ivy Portfolio signaled a cash shift in August after iShares 7-10 Year Treasury Bond ETF (IEF) finished just below its 10-month SMA, while the S&P 500 gained 2.6% for the month.

Reported · Written up by our desk · Fund Industry

ETF Trends updated its monthly moving-average signals for the Ivy Portfolio, an equally weighted, five-ETF strategy based on endowment-style asset allocation from Harvard and Yale. The method computes a 10-month simple moving average for each ETF and, if a fund closes a month below its average, the strategy sells it and holds cash until it closes back above the moving average.

In the August month-end snapshot, the signal showed a single cash position because IEF closed just below its 10-month SMA. The article also uses a second, 12-month simple moving average view, with four of the five Ivy Portfolio ETFs finishing above their averages, while IEF was again flagged within 2% of its signal and closed below this benchmark.

ETF Trends also noted that the S&P 500 closed August with a 2.6% monthly gain, reversing a two-month losing streak, as it analyzed the index through moving averages as well. The update was based on prices after the close of the last business day of August.

Latest closeS&P 500 7,686.14 ▼0.6%

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