iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Free Report) was the target of some unusual options trading on Wednesday. Investors acquired 126,821 put options on the company. This represents an increase of approximately 49% compared to the typical volume of 85,240 put options.
iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.2%
Shares of NYSEARCA:LQD traded down $0.23 during midday trading on Wednesday, hitting $102.18. 45,999,242 shares of the stock were exchanged, compared to its average volume of 33,148,605. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $102.04 and a twelve month high of $112.93. The company has a 50 day moving average price of $105.48 and a 200-day moving average price of $107.55. The stock has a market cap of $27.50 billion, a P/E ratio of 32.25 and a beta of 0.44.
Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $32,000. Comprehensive Financial Planning Inc. PA raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 214 shares during the last quarter. Park National Corp OH acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter valued at $43,000. Union Savings Bank acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at $63,000. Finally, NBT Bank N A NY increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 646.4% during the first quarter. NBT Bank N A NY now owns 821 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.
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.
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