Fed Has Billions in Corporate-Bond ETF Shares Up for Sale

Investors in 16 exchange-traded funds are about to find out what happens when the Federal Reserve goes against them. All the ETFs invest in corporate bonds, and the U.S. central bank is poised to start selling stakes bought last year to support the market during the Covid-19 pandemic. The holdings were valued at $8.6 billion as of Friday, according to data compiled by Bloomberg. The most valuable, at $2.4 billion, was a 6% stake in the iShares iBoxx U.S. Dollar Investment Grade Corporate Bond ETF.