Significant Inflow Detected in iShares iBoxx $ Investment Grade Corporate Bond ETF

During a recent analysis of week-over-week changes in shares outstanding across various ETFs, the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) stood out. This ETF has seen an inflow of approximately $534.3 million, representing a 1.8% increase in outstanding units, which rose from 274,800,000 to 279,800,000.

The chart below illustrates the one-year price performance of LQD and its 200-day moving average:

From the chart, it is evident that LQD’s 52-week low stands at $103.45 per share, while the high is $114.07. The last trade recorded was $106.44. Analyzing the current share price in relation to the 200-day moving average can provide valuable insights for technical analysis.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors are actually buying and selling “units.” These units can be traded like stocks and can also be created or destroyed to meet investor demand. Each week, we observe changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). The creation of new units necessitates the purchase of the underlying holdings, while the destruction of units involves selling those holdings. Consequently, large inflow or outflow volumes can affect the individual components held within ETFs.

Click here to discover which other ETFs experienced notable inflows.

Also see:

• Best Cheap Dividend Stocks
• PTP Options Chain
• FERG Dividend History

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.