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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading on Friday. Stock investors purchased 88,722 put options on the stock. This represents an increase of 33% compared to the typical daily volume of 66,530 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD opened at $106.35 on Friday. The company has a market capitalization of $32.90 billion, a PE ratio of 32.25 and a beta of 0.44. The stock’s fifty day moving average is $107.17 and its 200-day moving average is $108.62. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $105.42 and a one year high of $112.93.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $32,000. Jessup Wealth Management Inc acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $33,000. Comprehensive Financial Planning Inc. PA increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th 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 in the last quarter. EQ Wealth Advisors LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth about $41,000. Finally, Park National Corp OH acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter worth about $43,000. 89.30% of the stock is owned by institutional investors and hedge funds.

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.