PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Shares Down 0.1% – Here’s What Happened

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) traded down 0.1% during trading on Monday . The stock traded as low as $95.44 and last traded at $95.80. 57,639 shares traded hands during trading, a decline of 12% from the average session volume of 65,609 shares. The stock had previously closed at $95.94.

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

The firm’s 50-day simple moving average is $95.41 and its two-hundred day simple moving average is $95.76.

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

A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 99.3% in the first quarter. NewEdge Advisors LLC now owns 128,314 shares of the company’s stock valued at $12,417,000 after purchasing an additional 63,931 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 6.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 40,481 shares of the company’s stock valued at $3,917,000 after acquiring an additional 2,328 shares during the period. Baird Financial Group Inc. increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 2.2% in the 1st quarter. Baird Financial Group Inc. now owns 29,865 shares of the company’s stock valued at $2,890,000 after buying an additional 639 shares during the period. Summit Financial LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at $2,758,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 1st quarter worth $714,000.

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.