PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Trading Down 0.5% – Here’s What Happened

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) traded down 0.5% on Tuesday . The company traded as low as $95.98 and last traded at $96.03. 121,139 shares were traded during trading, an increase of 21% from the average daily volume of 99,995 shares. The stock had previously closed at $96.52.

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

The company’s 50 day simple moving average is $96.60 and its 200 day simple moving average is $97.38.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% during the third quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after buying an additional 35,651 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock valued at $13,848,000 after buying an additional 9,207 shares in the last quarter. Flow Traders U.S. LLC increased its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% in the third quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock valued at $8,026,000 after buying an additional 11,174 shares in the last quarter. Evensky & Katz LLC lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 30.0% during the 4th quarter. Evensky & Katz LLC now owns 50,020 shares of the company’s stock valued at $4,894,000 after acquiring an additional 11,545 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at $4,126,000.

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.