iShares iBoxx $ Investment Grade Corporate Bond ETF Sees Unusually High Options Volume (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of some unusual options trading activity on Tuesday. Traders purchased 175,610 call options on the stock. This represents an increase of approximately 113% compared to the average volume of 82,360 call options.

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

Large investors have recently added to or reduced their stakes in the stock. Operose Advisors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 69.2% during the 2nd quarter. Operose Advisors LLC now owns 4,506 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 1,843 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $251,000. Continuum Advisory LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $182,000. Oarsman Capital Inc. bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth $95,734,000. Finally, RPg Family Wealth Advisory LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,205.3% during the second quarter. RPg Family Wealth Advisory LLC now owns 39,382 shares of the exchange traded fund’s stock valued at $4,295,000 after acquiring an additional 36,365 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.1%

Shares of NYSEARCA LQD traded down $0.06 during trading on Tuesday, reaching $102.41. 54,393,564 shares of the company traded hands, compared to its average volume of 33,073,891. The firm has a 50 day simple moving average of $105.66 and a 200-day simple moving average of $107.64. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $102.04 and a 52-week high of $112.93. The stock has a market capitalization of $27.56 billion, a PE ratio of 32.25 and a beta of 0.44.

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.