Stock Traders Purchase High Volume of Put 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 Monday. Stock traders bought 179,503 put options on the stock. This represents an increase of 284% compared to the typical daily volume of 46,805 put options.

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

Shares of NYSEARCA:LQD opened at $108.69 on Tuesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $104.14 and a 12-month high of $114.07. The company’s 50 day moving average price is $107.50 and its two-hundred day moving average price is $109.35. The firm has a market cap of $30.69 billion, a PE ratio of 33.07 and a beta of 0.43.

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

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

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.