PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Shares Up 0.5% – Should You Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s stock price was up 0.5% during trading on Monday . The stock traded as high as $96.65 and last traded at $96.65. Approximately 57,009 shares were traded during trading, a decline of 31% from the average daily volume of 83,177 shares. The stock had previously closed at $96.19.

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

The company’s 50 day moving average is $95.39 and its 200 day moving average is $96.97.

Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 52.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 909,903 shares of the company’s stock worth $90,490,000 after buying an additional 311,884 shares during the period. Novem Group purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $10,174,000. One Capital Management LLC acquired a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $2,519,000. Novak & Powell Financial Services Inc. purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $2,057,000. Finally, Integrated Wealth Concepts LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 71.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 38,153 shares of the company’s stock valued at $3,628,000 after purchasing an additional 15,918 shares during the period.

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.