PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Shares Up 0.1% – Should You Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares were up 0.1% on Monday . The company traded as high as $96.51 and last traded at $96.21. Approximately 55,109 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 65,774 shares. The stock had previously closed at $96.09.

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

The business’s 50-day moving average is $95.80 and its two-hundred day moving average is $96.79.

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

A number of institutional investors and hedge funds have recently bought and sold shares of CORP. Novak & Powell Financial Services Inc. purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at about $2,057,000. Novem Group purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at about $10,174,000. Evensky & Katz LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 28.0% in the fourth quarter. Evensky & Katz LLC now owns 50,474 shares of the company’s stock valued at $4,800,000 after buying an additional 11,034 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 29,226 shares of the company’s stock valued at $2,779,000 after buying an additional 245 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of 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 buying an additional 15,918 shares during 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.