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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading on Friday. Stock traders acquired 113,390 put options on the company. This is an increase of approximately 84% compared to the average volume of 61,555 put options.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth $251,000. Valeo Financial Advisors LLC increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 39.8% during the second quarter. Valeo Financial Advisors LLC now owns 4,034 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 1,149 shares during the period. Rathbones Group PLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 64.5% during the first quarter. Rathbones Group PLC now owns 18,626 shares of the exchange traded fund’s stock valued at $2,030,000 after purchasing an additional 7,304 shares in the last quarter. Strategic Investment Advisors MI raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 11.4% during the first quarter. Strategic Investment Advisors MI now owns 87,138 shares of the exchange traded fund’s stock valued at $9,507,000 after purchasing an additional 8,909 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% during the first quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock valued at $28,043,000 after purchasing an additional 34,847 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA LQD traded down $0.43 during midday trading on Friday, hitting $106.12. 29,528,364 shares of the company’s stock were exchanged, compared to its average volume of 33,629,594. The stock’s 50 day moving average price is $107.66 and its 200-day moving average price is $108.91. The firm has a market cap of $32.83 billion, a P/E ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $105.93 and a twelve month high of $112.93.

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.