PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sets New 1-Year Low – Here’s Why

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s share price hit a new 52-week low on Tuesday. The company traded as low as $91.69 and last traded at $92.08, with a volume of 129226 shares traded. The stock had previously closed at $92.58.

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

The firm’s 50 day moving average price is $94.40 and its 200-day moving average price is $95.84.

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

Several institutional investors have recently bought and sold shares of CORP. Bank of New York Mellon Corp raised its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% during the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock worth $1,105,000 after buying an additional 3,198 shares during the period. Arkadios Wealth Advisors grew its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% in the 1st quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock valued at $305,000 after acquiring an additional 547 shares during the period. Ruggiero Investments Inc. acquired a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $212,000. Finally, RMG Wealth Management LLC purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth $77,000.

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.