LQD Stock Summary and Trading Ideas (iShares Iboxx $ Investment Grade Corporate Bond ETF | ARCA:LQD)

The iShares iBoxx $ Investment Grade Corporate Bond Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the corporate bond market as defined by the iBoxx $ Liquid Investment Grade Index.

iShares Iboxx $ Investment Grade Corporate Bond ETF trades on the ARCA stock market under the symbol LQD.

As of April 18, 2024, LQD stock price declined to $104.90 with 21,314,236 million shares trading.

LQD has a beta of 0.47, meaning it tends to be less sensitive to market movements. LQD has a correlation of 0.36 to the broad based SPY ETF.

LQD has a market cap of $28.54 billion. This is considered a Large Cap stock.

In the last 3 years, LQD stock traded as high as $136.78 and as low as $98.24.

LQD has underperformed the market in the last year with a return of +0.7%, while the SPY ETF gained +22.3%. In the last 3 month period, LQD fell short of the market, returning -2.7%, while SPY returned +6.1%. However, in the most recent 2 weeks LQD has outperformed the stock market by returning -2.3%, while SPY returned -3.8%.

LQD support price is $104.56 and resistance is $105.66 (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 LQD stock will trade within this expected range on the day.