PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Volume Increase – Still a Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw unusually-strong trading volume on Friday . Approximately 1,643,266 shares were traded during trading, an increase of 1,156% from the previous session’s volume of 130,783 shares.The stock last traded at $96.4270 and had previously closed at $96.76.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.3%

The firm’s 50 day moving average is $98.26 and its 200 day moving average is $98.39.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.38 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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

A number of institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at about $460,000. Arkadios Wealth Advisors bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at approximately $255,000. Integrated Wealth Concepts LLC lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock worth $3,592,000 after buying an additional 1,121 shares during the period. Wayfinding Financial LLC purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth approximately $4,126,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth approximately $54,000.

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.