IIGD Stock Summary and Trading Ideas (Invesco Investment Grade Defensive ETF | ARCA:IIGD)

The Invesco Investment Grade Defensive ETF (Fund) is based on the Invesco Investment Grade Defensive Index (Index). The Fund generally will invest at least 80% of its total assets in securities that comprise the Index, which is designed to provide exposure to U.S. investment grade bonds with relatively higher-quality characteristics, including higher credit ratings and shorter maturities. All eligible bonds are assigned a quality score, which is calculated based on the bond s maturity and credit rating. The Fund does not purchase all the securities in the Index; instead, it utilizes a sampling methodology to seek to achieve its investment objective. The Fund and the index are rebalanced monthly.

Invesco Investment Grade Defensive ETF trades on the ARCA stock market under the symbol IIGD.

As of April 19, 2024, IIGD stock price climbed to $23.77 with 2,812 million shares trading.

IIGD has a market cap of $47.54 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, IIGD stock traded as high as $26.87 and as low as $23.20.

IIGD has underperformed the market in the last year with a return of +2.4%, while the SPY ETF gained +21.2%. In the last 3 month period, IIGD fell short of the market, returning -0.8%, while SPY returned +4.3%. However, in the most recent 2 weeks IIGD has outperformed the stock market by returning -1.0%, while SPY returned -3.5%.

IIGD support price is $23.68 and resistance is $23.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IIGD stock will trade within this expected range on the day.