Traders 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) was the target of some unusual options trading activity on Thursday. Stock traders acquired 82,678 put options on the stock. This represents an increase of approximately 35% compared to the average volume of 61,074 put options.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth about $32,000. Jessup Wealth Management Inc bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $33,000. Comprehensive Financial Planning Inc. PA grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 214 shares during the period. EQ Wealth Advisors LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $41,000. Finally, Park National Corp OH purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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

Shares of NYSEARCA LQD opened at $106.25 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $106.00 and a 12 month high of $112.93. The firm has a market capitalization of $32.73 billion, a PE ratio of 32.25 and a beta of 0.43. The firm has a fifty day simple moving average of $108.16 and a two-hundred day simple moving average of $109.21.

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.