Bond ETFs Tick Higher Amid Equity Decline (TIP, LQD, AGG, BND, JNK, HYG, PHB)
Equity investors sought safety in bond ETFs on Tuesday as traders turned the spotlight on troubles in Europe. While the sector is mixed for the session, the vast majority of Pro favorites are in positive territory for the day, and with Bond ETFs Index components yielding an average 3.3%, one can see why these low-volatility securities can be attractive amid a market pullback.
Heading into the fourth quarter, 99 13F-filing asset managers held the iShares Barclays Tips Bond Fund (TIP) in their top-15 U.S.-listed equity positions, ranking the ETF first among peers in Pro popularity. Meanwhile, the iShares iBoxx $ Investop Investment Grade Corporate Bond Fund (LQD), iShares Barclays Aggregate Bond Fund (AGG), and Vanguard Total Bond Market ETF (BND) were all among Pro favorites with 49 or more firm counting the stock among their top holdings at the end of Q3. All four are adding fractional gains amid a pullback by the major equity benchmarks today.
Investors seeking the biggest yields can look to the SPDR Barclays High Yield Bond (JNK), iShares iBoxx High Yield Corporate Bond Fund (HYG), and PowerShares High Yield Corporate Bond ETF (PHB), all of which yield 8% or more based on current prices and their latest distributions. All three pay out on a monthly basis, so even relatively short-term positions can yield incremental income for investors.
For more on bond ETFs, and the full list of tickerspy’s highest yielding Indexes, visit tickerspy.com.
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