Investors Purchase High Volume of Put Options on iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 104,641 put options on the company. This is an increase of approximately 45% compared to the average volume of 72,271 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LQD. NewEdge Advisors LLC grew its position 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 buying an additional 17,493 shares during the last quarter. American Family Investments Inc. purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $25,210,000. First Horizon Corp purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $26,000. Nations Financial Group Inc. IA ADV grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,250 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 169 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 10.1% in the 3rd quarter. J.Safra Asset Management Corp now owns 25,681 shares of the exchange traded fund’s stock worth $2,863,000 after purchasing an additional 2,351 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.2%

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $107.66 on Tuesday. The firm’s 50 day moving average price is $109.04 and its 200-day moving average price is $110.20. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $105.39 and a 52-week high of $112.93. The company has a market cap of $30.51 billion, a P/E ratio of 32.25 and a beta of 0.44.

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.