iShares iBoxx $ Investment Grade Corporate Bond ETF Sees Unusually Large Options Volume (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading on Monday. Traders acquired 161,004 put options on the stock. This is an increase of 173% compared to the typical volume of 58,989 put options.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $32,000. Jessup Wealth Management Inc bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $33,000. Comprehensive Financial Planning Inc. PA lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 214 shares during the period. EQ Wealth Advisors LLC acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at $41,000. Finally, Park National Corp OH bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter worth about $43,000. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQD traded down $0.17 during midday trading on Monday, reaching $107.29. The company’s stock had a trading volume of 7,639,003 shares, compared to its average volume of 34,262,102. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $106.93 and a fifty-two week high of $112.93. The firm has a 50 day moving average price of $108.65 and a two-hundred day moving average price of $109.59. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 32.25 and a beta of 0.43.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.