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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading activity on Friday. Stock traders purchased 144,767 call options on the stock. This is an increase of 101% compared to the typical volume of 71,928 call options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA:LQD traded down $0.02 during trading on Friday, reaching $104.34. 19,756,217 shares of the company were exchanged, compared to its average volume of 32,861,910. The business’s fifty day simple moving average is $106.50 and its 200-day simple moving average is $108.23. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $104.32 and a 12-month high of $112.93. The firm has a market capitalization of $32.28 billion, a PE ratio of 32.25 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth $32,000. Jessup Wealth Management Inc purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth about $33,000. Comprehensive Financial Planning Inc. PA grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 214 shares in the last quarter. Park National Corp OH bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter worth about $43,000. Finally, Union Savings Bank bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $63,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.