Investors Buy Large Volume of Call Options on iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of some unusual options trading activity on Wednesday. Stock traders bought 90,187 call options on the stock. This is an increase of 50% compared to the average volume of 60,205 call options.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nvwm LLC increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% during the 1st quarter. Nvwm LLC now owns 59,442 shares of the exchange traded fund’s stock worth $6,474,000 after acquiring an additional 273 shares during the period. 1ST Source Bank boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.8% during the first quarter. 1ST Source Bank now owns 3,748 shares of the exchange traded fund’s stock valued at $408,000 after buying an additional 102 shares during the period. J.Safra Asset Management Corp grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.0% during the first quarter. J.Safra Asset Management Corp now owns 54,679 shares of the exchange traded fund’s stock worth $5,956,000 after buying an additional 4,046 shares in the last quarter. Pinkerton Retirement Specialists LLC increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.8% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 72,544 shares of the exchange traded fund’s stock worth $7,901,000 after acquiring an additional 3,301 shares during the last quarter. Finally, NYL Investors LLC raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.3% in the 1st quarter. NYL Investors LLC now owns 14,399,810 shares of the exchange traded fund’s stock valued at $1,568,427,000 after acquiring an additional 5,070,356 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Up 1.2 %

LQD opened at $109.47 on Friday. The company has a 50 day moving average of $111.41 and a 200 day moving average of $109.25. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $101.48 and a 12 month 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.