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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of some unusual options trading on Wednesday. Stock investors bought 394,615 put options on the company. This represents an increase of approximately 642% compared to the average volume of 53,156 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock traded up $0.25 during trading on Wednesday, hitting $111.00. 16,681,658 shares of the stock traded hands, compared to its average volume of 27,148,207. The stock has a market cap of $29.34 billion, a P/E ratio of 32.25 and a beta of 0.46. The company has a fifty day moving average price of $110.71 and a two-hundred day moving average price of $110.54. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $103.45 and a twelve month high of $112.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 90 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.8% in the second quarter. Cullen Frost Bankers Inc. now owns 2,496 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 92 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.6% during the 3rd quarter. Bessemer Group Inc. now owns 16,291 shares of the exchange traded fund’s stock worth $1,816,000 after acquiring an additional 97 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,250 shares of the exchange traded fund’s stock valued at $251,000 after acquiring an additional 169 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 18.4% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 1,143 shares of the exchange traded fund’s stock valued at $125,000 after acquiring an additional 178 shares in the last quarter. Institutional investors 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.