PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP – Get Free Report) saw strong trading volume on Wednesday. 216,081 shares traded hands during mid-day trading, an increase of 103% from the previous session’s volume of 106,235 shares. The stock last traded at $91.57 and had previously closed at $91.70.
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.0%
The business’s 50-day moving average price is $94.11 and its 200 day moving average price is $95.69.
Hedge Funds Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the first quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock worth $1,105,000 after purchasing an additional 3,198 shares during the last quarter. Arkadios Wealth Advisors lifted its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the first quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock valued at $305,000 after purchasing an additional 547 shares during the last quarter. Ruggiero Investments Inc. purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth approximately $212,000. Finally, RMG Wealth Management LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth approximately $77,000.
About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
The PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated investment-grade corporate bonds. CORP was launched on Sep 20, 2010 and is managed by PIMCO.
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