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 recipient of unusually large options trading activity on Tuesday. Stock investors acquired 111,807 put options on the stock. This represents an increase of approximately 48% compared to the average volume of 75,744 put options.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock worth $433,291,000 after buying an additional 3,190,347 shares in the last quarter. Penn Mutual Asset Management purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at about $142,182,000. BNP Paribas lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 420.8% during the 2nd quarter. BNP Paribas now owns 1,196,854 shares of the exchange traded fund’s stock valued at $131,187,000 after buying an additional 967,036 shares in the last quarter. Payden & Rygel bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $51,172,000. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,111.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 306,112 shares of the exchange traded fund’s stock valued at $34,122,000 after acquiring an additional 280,834 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $108.34 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $103.45 and a 1 year high of $112.93. The firm has a fifty day moving average price of $110.45 and a 200-day moving average price of $110.94. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46.

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.