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 recipient of some unusual options trading activity on Friday. Stock investors acquired 69,709 put options on the company. This represents an increase of approximately 53% compared to the average volume of 45,531 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA LQD opened at $110.86 on Friday. The stock has a market cap of $32.05 billion, a PE ratio of 32.25 and a beta of 0.46. The firm’s fifty day moving average price is $111.44 and its two-hundred day moving average price is $109.97. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $103.45 and a fifty-two week high of $112.93.

Institutional Investors Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the company. First Horizon Corp bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $26,000. Trust Co. of Toledo NA OH purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $27,000. Atlantic Union Bankshares Corp bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth $30,000. Trust Co. of Vermont grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% in the third quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 225 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.