Traders Purchase High Volume of iShares iBoxx $ Investment Grade Corporate Bond ETF Put Options (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of some unusual options trading on Tuesday. Traders acquired 75,134 put options on the stock. This is an increase of 59% compared to the average daily volume of 47,166 put options.

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

A number of large investors have recently bought and sold shares of the company. Centennial Bank AR purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at approximately $34,000. Cohen & Steers Inc. grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,407.7% during the 4th quarter. Cohen & Steers Inc. now owns 326 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 313 shares during the period. Bogart Wealth LLC increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 102.8% in the 1st quarter. Bogart Wealth LLC now owns 503 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 255 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 49.5% in the first quarter. AdvisorNet Financial Inc now owns 589 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 195 shares during the period. Finally, Park Square Financial Group LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $91,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD opened at $107.66 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $103.45 and a fifty-two week high of $114.07. The firm has a 50-day simple moving average of $107.70 and a 200-day simple moving average of $107.55. The company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 32.25 and a beta of 0.33.

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.