PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Trading Up 0.1% – Should You Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s share price rose 0.1% on Monday . The company traded as high as $96.51 and last traded at $96.21. Approximately 55,109 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 65,774 shares. The stock had previously closed at $96.09.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Price Performance

The business has a fifty day simple moving average of $95.76 and a 200 day simple moving average of $96.80.

Hedge Funds Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

A number of institutional investors have recently made changes to their positions in CORP. CoreFirst Bank & Trust acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth $31,000. Private Trust Co. NA lifted its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 146.6% during the third quarter. Private Trust Co. NA now owns 1,085 shares of the company’s stock worth $108,000 after buying an additional 645 shares during the period. Golden State Wealth Management LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth about $115,000. Keystone Financial Group acquired a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth about $269,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $313,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

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.