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 target of some unusual options trading activity on Monday. Stock traders bought 186,523 put options on the stock. This is an increase of 90% compared to the average volume of 98,012 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD stock traded down $0.52 during trading on Monday, hitting $102.88. 9,455,652 shares of the company traded hands, compared to its average volume of 33,026,145. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $101.19 and a 1 year high of $112.93. The company has a market cap of $29.00 billion, a PE ratio of 32.25 and a beta of 0.45. The stock’s 50-day simple moving average is $104.53 and its 200 day simple moving average is $107.05.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors have recently modified their holdings of LQD. MassMutual Private Wealth & Trust FSB purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at approximately $35,000. Park National Corp OH purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at approximately $43,000. Finally, Union Savings Bank acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.