Stock Traders 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 on Thursday. Traders bought 73,648 call options on the company. This represents an increase of 25% compared to the typical daily volume of 59,021 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 204,954 shares of the exchange traded fund’s stock worth $22,465,000 after acquiring an additional 7,386 shares during the period. Keystone Global Partners LLC raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 28.2% in the second quarter. Keystone Global Partners LLC now owns 65,469 shares of the exchange traded fund’s stock worth $7,176,000 after purchasing an additional 14,391 shares in the last quarter. Fifth Third Securities Inc. lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 5.6% during the second quarter. Fifth Third Securities Inc. now owns 48,678 shares of the exchange traded fund’s stock worth $5,336,000 after purchasing an additional 2,579 shares during the period. USA Financial Formulas boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 12.9% during the second quarter. USA Financial Formulas now owns 347,983 shares of the exchange traded fund’s stock valued at $38,142,000 after purchasing an additional 39,844 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter valued at approximately $27,000. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD traded up $0.21 during mid-day trading on Thursday, hitting $110.77. The company’s stock had a trading volume of 36,342,329 shares, compared to its average volume of 31,862,635. The stock’s 50-day moving average is $110.68 and its two-hundred day moving average is $110.58. The firm has a market capitalization of $27.57 billion, a PE ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $103.45 and a one year high of $112.93.

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.