PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Unusually-High Trading Volume – What’s Next?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw an uptick in trading volume on Tuesday . 96,180 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 68,305 shares.The stock last traded at $98.1690 and had previously closed at $98.04.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.1%

The firm has a 50-day moving average of $98.24 and a 200 day moving average of $97.99.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Greykasell Wealth Strategies Inc. bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 3rd quarter worth approximately $69,000. Jones Financial Companies Lllp increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.5% during the third quarter. Jones Financial Companies Lllp now owns 59,118 shares of the company’s stock valued at $5,815,000 after acquiring an additional 7,932 shares during the last quarter. Elyxium Wealth LLC lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 13.1% in the third quarter. Elyxium Wealth LLC now owns 5,190 shares of the company’s stock valued at $512,000 after acquiring an additional 600 shares during the period. GGM Financials LLC boosted its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 16.7% in the third quarter. GGM Financials LLC now owns 12,550 shares of the company’s stock worth $1,238,000 after purchasing an additional 1,795 shares during the last quarter. Finally, Evensky & Katz LLC boosted its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.1% in the third quarter. Evensky & Katz LLC now owns 38,475 shares of the company’s stock worth $3,794,000 after purchasing an additional 16,244 shares during the last quarter.

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.