PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Unusually-High Trading Volume – Time to Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw strong trading volume on Tuesday . 96,180 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 68,305 shares.The stock last traded at $98.1690 and had previously closed at $98.04.

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

The firm’s 50-day moving average is $98.24 and its 200-day moving average is $97.99.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter worth $69,000. Triumph Capital Management bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at $155,000. Duncan Williams Asset Management LLC purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 2nd quarter worth about $223,000. Cary Street Partners Financial LLC grew its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 29.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,780 shares of the company’s stock worth $271,000 after buying an additional 633 shares during the period. Finally, Keystone Financial Group increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% in the 3rd quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock worth $287,000 after acquiring an additional 129 shares in 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.