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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading on Tuesday. Traders purchased 174,293 put options on the stock. This is an increase of approximately 197% compared to the average volume of 58,634 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at approximately $28,000. PSI Advisors LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% in the second quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 125 shares during the last quarter. Anfield Capital Management LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth $39,000. Mascoma Wealth Management LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter worth $47,000. Finally, 1620 Investment Advisors Inc. bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $46,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 1.0 %

Shares of LQD opened at $108.19 on Thursday. The company’s 50 day moving average price is $111.41 and its 200 day moving average price is $109.25. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $101.48 and a 52 week high of $114.07.

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.