(IIGD) Invesco Investment Grade - Ratings and Ratios

The Invesco Investment Grade Defensive ETF (NYSE ARCA: IIGD) is designed to track the performance of high-quality U.S. investment grade bonds with the strongest credit metrics within the eligible universe. The fund typically allocates at least 80% of its total assets to securities included in its underlying index, which is constructed to emphasize bonds with the highest quality scores. These scores are determined by the index provider based on a combination of credit ratings, liquidity, and other fundamental factors. By focusing on the highest quality segment of the investment grade bond market, the ETF aims to provide stability and reduced exposure to default risk.

From a technical standpoint, IIGD has shown a stable price pattern, with its 20-day, 50-day, and 200-day simple moving averages (SMA) converging around the $24.30 level. The average trading volume of 39,105 shares over the past 20 days indicates moderate liquidity. The low average true range (ATR) of 0.05 suggests minimal price volatility. Fundamentally, the ETF manages assets under management (AUM) of $24.45 million, reflecting its targeted focus on defensive investment grade bonds. Over the next three months, based on the current SMA trends and low ATR, IIGD is expected to maintain a stable price range between $24.10 and $24.50, supported by its conservative investment strategy and the resilience of high-quality bonds in a low-volatility environment.