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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares dropped 0.3% during trading on Monday . The stock traded as low as $94.84 and last traded at $95.33. Approximately 94,910 shares traded hands during trading, an increase of 5% from the average daily volume of 90,115 shares. The stock had previously closed at $95.63.

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

The firm has a 50-day moving average price of $95.84 and a two-hundred day moving average price of $97.05.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Tsfg LLC grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% during the third quarter. Tsfg LLC now owns 2,703 shares of the company’s stock worth $269,000 after purchasing an additional 134 shares during the last quarter. Private Trust Co. NA boosted its position 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 purchasing an additional 645 shares during the period. Golden State Wealth Management LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth approximately $115,000. Financial Freedom LLC increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.1% during the third quarter. Financial Freedom LLC now owns 19,634 shares of the company’s stock worth $1,953,000 after buying an additional 1,474 shares during the period. Finally, Graypoint LLC lifted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.2% in the third quarter. Graypoint LLC now owns 38,660 shares of the company’s stock valued at $3,845,000 after buying an additional 2,603 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.