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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the target of some unusual options trading on Monday. Investors bought 101,923 call options on the company. This is an increase of approximately 84% compared to the average daily volume of 55,383 call options.

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

Several hedge funds have recently modified their holdings of the stock. NYL Investors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.3% during the first quarter. NYL Investors LLC now owns 14,399,810 shares of the exchange traded fund’s stock worth $1,568,427,000 after purchasing an additional 5,070,356 shares during the period. BNP Paribas acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at $131,102,000. SG Americas Securities LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8,602.5% in the third quarter. SG Americas Securities LLC now owns 312,768 shares of the exchange traded fund’s stock valued at $35,337,000 after acquiring an additional 309,174 shares during the last quarter. iA Global Asset Management Inc. grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 27.7% during the first quarter. iA Global Asset Management Inc. now owns 567,200 shares of the exchange traded fund’s stock valued at $61,779,000 after acquiring an additional 123,000 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $7,755,000. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD opened at $111.17 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $98.24 and a 12 month high of $114.07. The business has a 50-day moving average of $111.75 and a two-hundred day moving average of $108.81.

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.