iShares iBoxx $ Investment Grade Corporate Bond ETF Target of Unusually Large Options Trading (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of unusually large options trading on Friday. Stock investors purchased 69,709 put options on the company. This is an increase of 53% compared to the typical daily volume of 45,531 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD traded down $0.18 on Friday, reaching $110.80. 13,431,650 shares of the stock were exchanged, compared to its average volume of 28,908,148. 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. The firm has a market capitalization of $32.03 billion, a PE ratio of 32.25 and a beta of 0.46. The company’s 50-day moving average price is $111.45 and its 200 day moving average price is $109.92.

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

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Corp acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at about $26,000. Trust Co. of Toledo NA OH purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at $27,000. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at about $30,000. Trust Co. of Vermont increased its holdings 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 buying an additional 225 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% in the third 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.

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.