Investors Purchase High Volume of iShares iBoxx $ Investment Grade Corporate Bond ETF Put Options (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of some unusual options trading on Monday. Stock traders acquired 179,503 put options on the stock. This is an increase of 284% compared to the average volume of 46,805 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 899.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,180,000 shares of the exchange traded fund’s stock worth $246,296,000 after acquiring an additional 1,961,934 shares during the last quarter. Empower Annuity Insurance Co acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter worth $277,575,000. Mascoma Wealth Management LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth $47,000. NYL Investors LLC increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% in the third quarter. NYL Investors LLC now owns 8,916,703 shares of the exchange traded fund’s stock valued at $1,007,409,000 after purchasing an additional 1,124,415 shares during the period. Finally, Mount Lucas Management LP raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.6% during the 3rd quarter. Mount Lucas Management LP now owns 6,681 shares of the exchange traded fund’s stock worth $755,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

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

LQD opened at $108.69 on Tuesday. The company has a market cap of $30.69 billion, a P/E ratio of 33.07 and a beta of 0.43. The company’s 50 day moving average is $107.50 and its 200-day moving average is $109.35. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $104.14 and a 1-year high of $114.07.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

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.