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

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading on Wednesday. Stock investors bought 118,135 call options on the stock. This is an increase of 117% compared to the typical volume of 54,356 call options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.1 %

NYSEARCA LQD traded down $0.07 during trading on Wednesday, reaching $109.53. 20,724,270 shares of the company traded hands, compared to its average volume of 27,462,438. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $98.24 and a 1-year high of $111.40. The stock’s 50 day moving average price is $108.12 and its two-hundred day moving average price is $107.69.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of LQD. Thompson Investment Management Inc. raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% during the first quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 110 shares during the last quarter. ORG Partners LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $28,000. PSI Advisors LLC boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% in the 2nd quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 125 shares during the last quarter. Anfield Capital Management LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $39,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $46,000. 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.