iShares iBoxx $ Investment Grade Corporate Bond ETF Sees Unusually Large Options Volume (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of unusually large options trading on Friday. Investors acquired 113,390 put options on the stock. This is an increase of 84% compared to the typical volume of 61,555 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock traded down $0.44 during trading on Friday, reaching $106.11. The company had a trading volume of 28,064,082 shares, compared to its average volume of 33,605,293. The firm’s 50-day simple moving average is $107.70 and its 200 day simple moving average is $108.93. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $105.93 and a 1-year high of $112.93. The firm has a market capitalization of $32.83 billion, a PE ratio of 32.25 and a beta of 0.44.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth about $251,000. Valeo Financial Advisors LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 39.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,034 shares of the exchange traded fund’s stock valued at $440,000 after buying an additional 1,149 shares in the last quarter. Rathbones Group PLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 64.5% in the 1st quarter. Rathbones Group PLC now owns 18,626 shares of the exchange traded fund’s stock worth $2,030,000 after buying an additional 7,304 shares during the last quarter. Strategic Investment Advisors MI boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 11.4% in the 1st quarter. Strategic Investment Advisors MI now owns 87,138 shares of the exchange traded fund’s stock worth $9,507,000 after buying an additional 8,909 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% in the 1st quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock worth $28,043,000 after buying an additional 34,847 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

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.