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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading activity on Thursday. Traders acquired 73,648 call options on the stock. This represents an increase of approximately 25% compared to the typical volume of 59,021 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Horizon Corp bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter worth $26,000. Trust Co. of Toledo NA OH acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth $27,000. Atlantic Union Bankshares Corp bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth about $30,000. Trust Co. of Vermont grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% in the third quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 225 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 90 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA LQD opened at $110.77 on Friday. The stock has a market capitalization of $27.57 billion, a P/E ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $103.45 and a 52 week high of $112.93. The stock has a fifty day moving average of $110.68 and a 200-day moving average of $110.58.

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.