SLQD - Federal Reserve is set to sell ETF holdings

Photo by pabradyphoto/iStock via Getty Images The Federal Reserve is set to start unloading shares of exchange traded fund holdings that it accumulated during the pandemic. As of Wednesday last week, the Feds plan is to begin selling its positions in corporate debt over the remainder of the 2021 year. Per Bloomberg, “Portfolio sales will be gradual and orderly, and will aim to minimize the potential for any adverse impact on market functioning by taking into account daily liquidity and trading conditions for exchange traded funds and corporate bonds,” the Federal Reserve stated. Below is a complete breakdown of what ETFs the Fed has outstanding positions in. Currently, the Fed is holding twelve different exchange traded funds, and they presently own 6.00% of the current outstanding shares of the largest corporate debt ETF (LQD). Furthermore, the Fed has holdings in (SPIB), (JNK), (IGIB), (VCSH), (SPSB), (USIG), (VCIT), (IGSB), (SLQD), (HYG),

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Federal Reserve is set to sell ETF holdings