PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Stock Price Up 0.3% – Here’s Why

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s share price rose 0.3% on Monday . The stock traded as high as $99.23 and last traded at $99.18. Approximately 38,079 shares were traded during trading, a decline of 45% from the average daily volume of 69,260 shares. The stock had previously closed at $98.89.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.3%

The firm’s fifty day moving average is $97.30 and its two-hundred day moving average is $96.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CORP. Novem Group purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth about $10,174,000. NewEdge Advisors LLC boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 99.3% during the first quarter. NewEdge Advisors LLC now owns 128,314 shares of the company’s stock worth $12,417,000 after purchasing an additional 63,931 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 852.1% during the second quarter. Flow Traders U.S. LLC now owns 70,210 shares of the company’s stock worth $6,832,000 after purchasing an additional 62,836 shares during the last quarter. Summit Financial LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth about $2,758,000. Finally, Novak & Powell Financial Services Inc. bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth about $2,057,000.

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.