PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Shares Up 0% – Should You Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shot up 0% on Wednesday . The stock traded as high as $97.13 and last traded at $96.91. 44,211 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 64,763 shares. The stock had previously closed at $96.89.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Down 0.8 %

The business has a 50-day moving average price of $98.48 and a two-hundred day moving average price of $96.52.

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

Several hedge funds and other institutional investors have recently made changes to their positions in CORP. Graypoint LLC raised its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.2% during the third quarter. Graypoint LLC now owns 38,660 shares of the company’s stock valued at $3,845,000 after purchasing an additional 2,603 shares in the last quarter. Financial Freedom LLC increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.1% in the 3rd quarter. Financial Freedom LLC now owns 19,634 shares of the company’s stock valued at $1,953,000 after purchasing an additional 1,474 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 531.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,919 shares of the company’s stock worth $887,000 after buying an additional 7,507 shares in the last quarter. Tsfg LLC lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% during the 3rd quarter. Tsfg LLC now owns 2,703 shares of the company’s stock worth $269,000 after buying an additional 134 shares during the last quarter. Finally, Evensky & Katz LLC boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 20.3% in the third quarter. Evensky & Katz LLC now owns 39,440 shares of the company’s stock valued at $3,922,000 after buying an additional 6,666 shares in the last quarter.

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.