iShares iBoxx $ Investment Grade Corporate Bond ETF Target of Unusually Large Options Trading (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 58,590 put options on the stock. This is an increase of approximately 56% compared to the typical daily volume of 37,589 put options.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of LQD. Kovitz Investment Group Partners LLC lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 578.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 59,191 shares of the exchange traded fund’s stock valued at $6,687,000 after acquiring an additional 50,471 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at approximately $575,000. Continuum Advisory LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% in the third quarter. Continuum Advisory LLC now owns 1,946 shares of the exchange traded fund’s stock valued at $211,000 after acquiring an additional 124 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 25.8% in the third quarter. Sunbelt Securities Inc. now owns 17,722 shares of the exchange traded fund’s stock valued at $2,002,000 after acquiring an additional 3,634 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% during the third quarter. TD Private Client Wealth LLC now owns 175,934 shares of the exchange traded fund’s stock worth $19,877,000 after acquiring an additional 1,252 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 1.9 %

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $106.66 on Tuesday. The company has a fifty day simple moving average of $108.22 and a 200-day simple moving average of $108.78. The stock has a market cap of $29.90 billion, a P/E ratio of 32.87 and a beta of 0.45. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $104.14 and a 12-month 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.