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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 126,821 put options on the stock. This is an increase of 49% compared to the typical daily volume of 85,240 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD stock traded up $0.47 during midday trading on Friday, reaching $102.50. 2,914,733 shares of the company were exchanged, compared to its average volume of 33,054,320. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $101.19 and a one year high of $112.93. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. The business has a 50-day moving average price of $105.40 and a two-hundred day moving average price of $107.51.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at $32,000. Comprehensive Financial Planning Inc. PA raised its stake in 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 buying an additional 214 shares during the last quarter. Park National Corp OH bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 1st quarter worth about $43,000. Union Savings Bank acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $63,000. Finally, NBT Bank N A NY boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 646.4% during the 1st quarter. NBT Bank N A NY now owns 821 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 711 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

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.