Invesco Investment Grade Defensive ETF (IIGD)
Invesco Investment Grade Defensive ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $24.38, up 0.08% on the session, giving a market capitalisation of $27.0M. Its beta of 0.53 implies it has historically moved less than the broad market.
The Invesco Investment Grade Defensive ETF (Fund) aims to mirror the performance of the Invesco Investment Grade Defensive Index (Index). This Fund typically allocates at least 80% of its total assets to the securities comprising this Index, which focuses on U.S. investment-grade bonds. The Index prioritizes bonds exhibiting superior quality features, specifically higher credit ratings and shorter maturities. To determine eligibility, each bond receives a quality score, calculated based on its maturity and credit rating. Rather than acquiring every security in the Index, the Fund employs a strategic sampling methodology to achieve its investment objective. Both the Fund and its benchmark Index undergo rebalancing on a monthly basis.
Invesco Investment Grade Defensive ETF is most often compared with the following Financial Services names: