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Buy on the Dip Prospects: June 19 Edition

Below is a look at ETFs that currently offer attractive buying opportunities.

The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively.

Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term ‘buy on the dip’ opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.

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Only two ETFs made it to the list of buy on the dip prospects this month. The three major U.S. indices moved higher during this month. iShares Floating Rate Bond ETF (FLOT B+) which seeks to track the investment results of an index composed of U.S. dollar-denominated, floating rate bonds (with remaining maturities between one month and five years) featured on the list of buy on the dip prospects this month. Investor sentiment on floating rate bonds has turned positive as floating rate notes are offering higher yields than their fixed-rate counterparts. As bond yields plunge, investors are buying more floating-rate corporate debt. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN B) which tracks an index of U.S. dollar-denominated, investment-grade floating rate notes (with remaining maturities between 1 month and 5 years) also ranked amongst the buy on the dip contenders this month. Check out the different Bond ETFs by clicking “here:”https://etfdb.com/etfdb-categories/

To compare this month’s list with the one published on May 22, click "here.”:https://etfdb.com/news/2019/05/22/buy-on-dip-may-22-edition/

ETFs to Buy on the Dip

Ticker Name Price 1-YearReturn Leverage
(FLOT B+) iShares Floating Rate Bond ETF $50.85 -0.16% Long
(FLRN B) SPDR Bloomberg Barclays Investment Grade Floating Rate ETF $30.66 -0.26% Long

Please note that this list is updated on a monthly basis.

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Disclosure: No positions at time of writing.

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