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) saw some unusual options trading on Friday. Traders acquired 88,722 put options on the company. This is an increase of approximately 33% compared to the typical volume of 66,530 put options.

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

Large investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th 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 about $33,000. Comprehensive Financial Planning Inc. PA increased its stake in 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 valued at $37,000 after purchasing an additional 214 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth about $41,000. Finally, Park National Corp OH purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter worth about $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 0.4%

Shares of NYSEARCA:LQD opened at $106.35 on Friday. The stock has a fifty day simple moving average of $107.17 and a two-hundred day simple moving average of $108.62. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $105.42 and a 12-month high of $112.93. The stock has a market capitalization of $32.90 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

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.