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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading on Wednesday. Investors bought 394,615 put options on the company. This represents an increase of approximately 642% compared to the average volume of 53,156 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.2%

NYSEARCA:LQD traded down $0.23 during trading hours on Friday, hitting $110.67. The company had a trading volume of 19,840,939 shares, compared to its average volume of 28,016,699. The company has a 50-day moving average of $110.72 and a 200 day moving average of $110.54. The company has a market cap of $29.25 billion, a P/E ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $103.45 and a 1 year high of $112.93.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Corp purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $26,000. Trust Co. of Toledo NA OH acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at approximately $30,000. Trust Co. of Vermont grew its position 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 worth $35,000 after acquiring an additional 225 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 90 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.