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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw unusually large options trading on Friday. Traders bought 88,722 put options on the company. This is an increase of approximately 33% compared to the typical daily volume of 66,530 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.4%

Shares of LQD stock opened at $106.35 on Friday. The stock has a 50-day simple moving average of $107.17 and a 200 day simple moving average of $108.62. The stock has a market capitalization of $32.90 billion, a P/E ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $105.42 and a fifty-two week high of $112.93.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Payden & Rygel acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $51,172,000. Horizon Investments LLC increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 40.9% in the fourth quarter. Horizon Investments LLC now owns 132,318 shares of the exchange traded fund’s stock worth $14,580,000 after acquiring an additional 38,401 shares in the last quarter. Providence First Trust Co raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.6% during the fourth quarter. Providence First Trust Co now owns 136,127 shares of the exchange traded fund’s stock valued at $15,000,000 after acquiring an additional 10,788 shares during the period. Abound Financial LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $8,924,000. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $11,019,000. 89.30% of the stock is currently owned by institutional investors.

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.