Stock Traders Purchase Large Volume of Put Options on iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading on Monday. Stock investors bought 128,133 put options on the company. This is an increase of 98% compared to the typical volume of 64,751 put options.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors have recently modified their holdings of the business. 10Elms LLP grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.9% in the fourth quarter. 10Elms LLP now owns 6,306 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 120 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% in the fourth quarter. Cary Street Partners Financial LLC now owns 32,635 shares of the exchange traded fund’s stock valued at $3,596,000 after acquiring an additional 158 shares in the last quarter. Whittier Trust Co. grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.2% during the fourth quarter. Whittier Trust Co. now owns 1,283 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 160 shares during the period. Sandhill Capital Partners LLC grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.4% during the fourth quarter. Sandhill Capital Partners LLC now owns 2,621 shares of the exchange traded fund’s stock valued at $289,000 after purchasing an additional 204 shares during the period. Finally, Covestor Ltd grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.0% during the fourth quarter. Covestor Ltd now owns 1,714 shares of the exchange traded fund’s stock valued at $189,000 after purchasing an additional 210 shares during the period. 89.30% of the stock is owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD traded up $0.08 during midday trading on Monday, reaching $109.09. 21,041,984 shares of the company were exchanged, compared to its average volume of 35,186,582. The company has a market cap of $30.92 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. The company’s fifty day moving average price is $108.93 and its 200 day moving average price is $109.89. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $106.93 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.