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 target of unusually large options trading on Monday. Traders bought 58,590 put options on the stock. This represents an increase of approximately 56% compared to the typical daily volume of 37,589 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $106.66 on Tuesday. The stock has a market cap of $29.90 billion, a price-to-earnings ratio of 32.87 and a beta of 0.45. The firm has a 50 day simple moving average of $108.22 and a 200-day simple moving average of $108.78. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $104.14 and a 1-year high of $114.07.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cohen & Steers Inc. raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,407.7% in the 4th quarter. Cohen & Steers Inc. now owns 326 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 313 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $61,000. AdvisorNet Financial Inc lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 49.5% during the first quarter. AdvisorNet Financial Inc now owns 589 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 195 shares in the last quarter. PSI Advisors LLC boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 281.1% in the fourth quarter. PSI Advisors LLC now owns 705 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 520 shares during the period. Finally, Quent Capital LLC grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% in the fourth quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 277 shares in 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.