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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading on Thursday. Stock investors bought 82,678 put options on the stock. This is an increase of 35% compared to the typical volume of 61,074 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock traded up $0.19 during trading hours on Thursday, reaching $106.41. The company had a trading volume of 30,975,601 shares, compared to its average volume of 34,049,156. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $106.07 and a 12 month high of $112.93. The business has a fifty day simple moving average of $108.24 and a 200-day simple moving average of $109.27. The company has a market cap of $34.13 billion, a price-to-earnings ratio of 32.25 and a beta of 0.43.

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

Several large investors have recently bought and sold shares of LQD. Payden & Rygel purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at about $51,172,000. Yorktown Management & Research Co Inc purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $882,000. Farther Finance Advisors LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during the fourth quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock worth $52,099,000 after purchasing an additional 166,701 shares during the last quarter. Providence First Trust Co boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.6% during the fourth quarter. Providence First Trust Co now owns 136,127 shares of the exchange traded fund’s stock worth $15,000,000 after purchasing an additional 10,788 shares during the last quarter. Finally, Horizon Investments LLC grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 40.9% in the 4th quarter. Horizon Investments LLC now owns 132,318 shares of the exchange traded fund’s stock worth $14,580,000 after purchasing an additional 38,401 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

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.