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. Traders bought 111,807 put options on the company. This is an increase of approximately 48% compared to the average volume of 75,744 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Up 0.4%

Shares of LQD stock opened at $108.73 on Thursday. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. The firm has a 50-day moving average price of $110.40 and a 200 day moving average price of $110.92. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $103.45 and a twelve month high of $112.93.

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

Institutional investors have recently modified their holdings of the company. First Horizon Corp acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter worth approximately $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $32,000. Jessup Wealth Management Inc acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $33,000. Trust Co. of Vermont lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% during the 3rd quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 225 shares during the period. Finally, Comprehensive Financial Planning Inc. PA boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds 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.