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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of unusually large options trading activity on Tuesday. Investors acquired 90,717 call options on the company. This is an increase of approximately 67% compared to the average daily volume of 54,228 call options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock traded up $0.04 during trading hours on Tuesday, reaching $113.75. 7,736,845 shares of the company’s stock were exchanged, compared to its average volume of 27,326,332. The firm’s 50 day simple moving average is $110.45 and its 200 day simple moving average is $108.33. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $98.24 and a twelve month high of $113.92.

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

Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% in the second quarter. Hollencrest Capital Management now owns 13,315 shares of the exchange traded fund’s stock worth $1,426,000 after purchasing an additional 98 shares during the period. 1ST Source Bank increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.8% in the 1st quarter. 1ST Source Bank now owns 3,748 shares of the exchange traded fund’s stock valued at $408,000 after buying an additional 102 shares in the last quarter. Thompson Investment Management Inc. increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% in the 1st quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 110 shares in the last quarter. PSI Advisors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% during the 2nd quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 125 shares during the period. Finally, ORG Partners LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth approximately $28,000. 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.