iShares iBoxx $ Investment Grade Corporate Bond ETF Sees Unusually High Options Volume (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading activity on Monday. Traders bought 134,522 call options on the company. This is an increase of approximately 110% compared to the typical volume of 64,119 call options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.4 %

LQD stock opened at $109.92 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $104.14 and a 1 year high of $114.07. The company has a 50 day simple moving average of $110.09 and a 200 day simple moving average of $109.69.

Institutional Investors Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. NYL Investors LLC lifted its stake 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 buying an additional 1,124,415 shares during the period. Empower Annuity Insurance Co bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at $277,575,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of 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 purchasing an additional 1,961,934 shares in the last quarter. BNP Paribas grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 917.3% in the 3rd quarter. BNP Paribas now owns 1,445,852 shares of the exchange traded fund’s stock valued at $163,352,000 after buying an additional 1,303,725 shares during the period. Finally, Money Design Co. Ltd. increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.3% in the 3rd quarter. Money Design Co. Ltd. now owns 1,410,068 shares of the exchange traded fund’s stock valued at $159,309,000 after buying an additional 83,156 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.