Stock Traders Buy 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 some unusual options trading activity on Tuesday. Stock investors purchased 174,293 put options on the company. This represents an increase of approximately 197% compared to the average daily volume of 58,634 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock traded up $0.41 on Tuesday, hitting $109.22. The stock had a trading volume of 13,924,686 shares, compared to its average volume of 27,137,967. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $101.25 and a twelve month high of $114.07. The company has a fifty day moving average price of $111.53 and a two-hundred day moving average price of $109.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nvwm LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% in the first quarter. Nvwm LLC now owns 59,442 shares of the exchange traded fund’s stock valued at $6,474,000 after buying an additional 273 shares during the period. 1ST Source Bank increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.8% during the 1st quarter. 1ST Source Bank now owns 3,748 shares of the exchange traded fund’s stock worth $408,000 after purchasing an additional 102 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.0% during the 1st quarter. J.Safra Asset Management Corp now owns 54,679 shares of the exchange traded fund’s stock worth $5,956,000 after purchasing an additional 4,046 shares in the last quarter. Pinkerton Retirement Specialists LLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.8% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 72,544 shares of the exchange traded fund’s stock valued at $7,901,000 after purchasing an additional 3,301 shares during the period. Finally, NYL Investors LLC lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.3% in the first quarter. NYL Investors LLC now owns 14,399,810 shares of the exchange traded fund’s stock valued at $1,568,427,000 after purchasing an additional 5,070,356 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

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.