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 recipient of unusually large options trading on Monday. Stock traders bought 161,004 put options on the stock. This is an increase of 173% compared to the average daily volume of 58,989 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA LQD opened at $106.96 on Tuesday. The stock’s 50-day moving average is $108.61 and its two-hundred day moving average is $109.57. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $106.93 and a 1-year high of $112.93. The company has a market cap of $35.02 billion, a price-to-earnings ratio of 32.25 and a beta of 0.43.

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

A number of institutional investors and hedge funds have recently made changes to their positions in LQD. NewEdge Advisors LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 50.5% in the second quarter. NewEdge Advisors LLC now owns 52,109 shares of the exchange traded fund’s stock valued at $5,712,000 after acquiring an additional 17,493 shares in the last quarter. American Family Investments Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth approximately $25,210,000. Brown Brothers Harriman & Co. grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,665 shares of the exchange traded fund’s stock worth $966,000 after acquiring an additional 550 shares in the last quarter. Imprint Wealth LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $93,000. Finally, BNP Paribas increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% in the 3rd quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock valued at $230,103,000 after purchasing an additional 867,401 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

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.