Stock Traders Buy High Volume of Put Options on iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw unusually large options trading on Monday. Stock investors purchased 128,133 put options on the company. This represents an increase of 98% compared to the average volume of 64,751 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.0%

Shares of LQD opened at $108.99 on Tuesday. The stock has a market cap of $30.89 billion, a P/E ratio of 32.25 and a beta of 0.44. The business’s fifty day moving average is $108.93 and its 200 day moving average is $109.87. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $106.93 and a 12-month high of $112.93.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in LQD. NewEdge Advisors LLC grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 50.5% in the 2nd quarter. NewEdge Advisors LLC now owns 52,109 shares of the exchange traded fund’s stock worth $5,712,000 after acquiring an additional 17,493 shares in the last quarter. American Family Investments Inc. bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $25,210,000. Advisors Preferred LLC grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 403.6% in the 3rd quarter. Advisors Preferred LLC now owns 80,989 shares of the exchange traded fund’s stock worth $9,031,000 after acquiring an additional 64,906 shares in the last quarter. Alteri Wealth LLC grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 16.2% in the 3rd quarter. Alteri Wealth LLC now owns 12,039 shares of the exchange traded fund’s stock worth $1,342,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Lake Street Private Wealth LLC grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.2% in the 3rd quarter. Lake Street Private Wealth LLC now owns 20,319 shares of the exchange traded fund’s stock worth $2,265,000 after acquiring an additional 1,532 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Company Profile

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.