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 recipient of unusually large options trading on Monday. Investors bought 640,267 call options on the company. This represents an increase of approximately 1,482% compared to the average volume of 40,461 call options.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NYL Investors LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 442.2% during the 1st quarter. NYL Investors LLC now owns 7,794,361 shares of the exchange traded fund’s stock valued at $847,169,000 after acquiring an additional 6,356,835 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 51.7% during the 1st quarter. Ameriprise Financial Inc. now owns 6,859,875 shares of the exchange traded fund’s stock valued at $744,605,000 after acquiring an additional 2,339,039 shares during the period. Bank of New York Mellon Corp boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 469.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,290,878 shares of the exchange traded fund’s stock valued at $140,306,000 after acquiring an additional 1,064,345 shares during the period. BNP Paribas boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 420.8% during the 2nd quarter. BNP Paribas now owns 1,196,854 shares of the exchange traded fund’s stock valued at $131,187,000 after acquiring an additional 967,036 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,442.0% during the 1st quarter. MetLife Investment Management LLC now owns 953,260 shares of the exchange traded fund’s stock valued at $103,610,000 after acquiring an additional 915,760 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Up 0.3%

LQD stock opened at $112.54 on Tuesday. The business has a fifty day moving average of $111.02 and a two-hundred day moving average of $108.88. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 32.25 and a beta of 0.33. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $103.45 and a 52-week high of $112.64.

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.