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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading activity on Monday. Stock investors purchased 179,503 put options on the company. This is an increase of 284% compared to the typical volume of 46,805 put options.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,407.7% in the 4th quarter. Cohen & Steers Inc. now owns 326 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 313 shares during the period. Mascoma Wealth Management LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at approximately $47,000. Kohmann Bosshard Financial Services LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $61,000. PSI Advisors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 281.1% during the fourth quarter. PSI Advisors LLC now owns 705 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 520 shares during the period. Finally, Quent Capital LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% in the 4th quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA LQD traded up $0.39 during trading hours on Monday, reaching $108.71. The company’s stock had a trading volume of 29,423,400 shares, compared to its average volume of 25,302,678. The company’s 50-day moving average is $107.46 and its two-hundred day moving average is $109.37. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $104.14 and a fifty-two week high of $114.07. The stock has a market cap of $30.70 billion, a PE ratio of 33.07 and a beta of 0.43.

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.