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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of unusually large options trading activity on Wednesday. Traders acquired 116,656 put options on the company. This represents an increase of 92% compared to the typical volume of 60,629 put options.

Institutional Investors Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth about $230,000. Cheviot Value Management LLC lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.4% in the 4th quarter. Cheviot Value Management LLC now owns 319,299 shares of the exchange traded fund’s stock worth $35,330,000 after purchasing an additional 24,656 shares in the last quarter. Crestwood Advisors Group LLC lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 7.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 6,179 shares of the exchange traded fund’s stock worth $681,000 after purchasing an additional 417 shares in the last quarter. Providence First Trust Co boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.6% in the 4th quarter. Providence First Trust Co now owns 136,127 shares of the exchange traded fund’s stock worth $15,000,000 after purchasing an additional 10,788 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 19.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 50,841 shares of the exchange traded fund’s stock valued at $5,602,000 after buying an additional 8,379 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $109.97 on Thursday. The company has a market capitalization of $28.36 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $103.45 and a one year high of $112.93. The company’s fifty day moving average price is $110.62 and its 200-day moving average price is $110.75.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.