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 shot up 0.1% during mid-day trading on Monday . The stock traded as high as $96.51 and last traded at $96.21. 55,109 shares changed hands during trading, a decline of 16% from the average session volume of 65,774 shares. The stock had previously closed at $96.09.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.5 %

The company’s 50 day moving average is $95.80 and its 200-day moving average is $96.79.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 0.8% in the 4th quarter. Baird Financial Group Inc. now owns 29,226 shares of the company’s stock worth $2,779,000 after purchasing an additional 245 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $31,000. Private Trust Co. NA boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 146.6% in the 3rd quarter. Private Trust Co. NA now owns 1,085 shares of the company’s stock valued at $108,000 after buying an additional 645 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $115,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 35,645 shares of the company’s stock valued at $3,390,000 after buying an additional 1,251 shares during the period.

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.