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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of some unusual options trading on Tuesday. Stock traders purchased 175,610 call options on the company. This represents an increase of 113% compared to the average daily volume of 82,360 call options.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Operose Advisors LLC raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 69.2% in the second quarter. Operose Advisors LLC now owns 4,506 shares of the exchange traded fund’s stock worth $491,000 after acquiring an additional 1,843 shares during the period. Compass Financial Management LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at $251,000. Continuum Advisory LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $182,000. Oarsman Capital Inc. purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $95,734,000. Finally, RPg Family Wealth Advisory LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,205.3% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 39,382 shares of the exchange traded fund’s stock worth $4,295,000 after purchasing an additional 36,365 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA LQD traded down $0.06 during midday trading on Tuesday, hitting $102.41. 54,393,564 shares of the company’s stock traded hands, compared to its average volume of 33,073,891. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $102.04 and a 1 year high of $112.93. The stock has a market capitalization of $27.56 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. The firm has a fifty day moving average of $105.66 and a 200 day moving average of $107.64.

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.