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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading activity on Wednesday. Traders acquired 83,934 put options on the stock. This represents an increase of approximately 209% compared to the typical volume of 27,187 put options.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LQD. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 4,308.3% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,572,234 shares of the exchange traded fund’s stock valued at $51,907,000 after acquiring an additional 8,377,777 shares during the period. MetLife Investment Management LLC lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 275.7% during the fourth quarter. MetLife Investment Management LLC now owns 8,473,700 shares of the exchange traded fund’s stock valued at $893,382,000 after purchasing an additional 6,218,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 136.2% during the first quarter. JPMorgan Chase & Co. now owns 7,235,424 shares of the exchange traded fund’s stock valued at $793,075,000 after purchasing an additional 4,172,361 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter valued at approximately $203,016,000. Finally, Neuberger Berman Group LLC lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 539.5% during the fourth quarter. Neuberger Berman Group LLC now owns 1,313,288 shares of the exchange traded fund’s stock valued at $138,460,000 after purchasing an additional 1,107,923 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD opened at $104.18 on Thursday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $98.41 and a fifty-two week high of $112.51. The firm has a 50-day moving average of $106.14 and a 200 day moving average of $107.21.

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.