From ETF Channel: Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD).
We have detected an approximate $823.6 million dollar outflow — that’s a 2.6% decrease week over week (from 282,000,000 to 274,600,000). The chart below shows the one year price performance of LQD, versus its 200 day moving average:
Looking at the chart above, LQD’s low point in its 52 week range is $111.316 per share, with $121.85 as the 52 week high point — that compares with a last trade of $111.53. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average ».
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) was trading at $111.55 per share on Friday afternoon, up $0.04 (+0.04%). Year-to-date, LQD has declined -7.20%, versus a 2.44% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of ETF Channel.