PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Strong Trading Volume – Here’s Why

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares saw strong trading volume on Monday . 213,548 shares changed hands during trading, an increase of 117% from the previous session’s volume of 98,252 shares.The stock last traded at $93.88 and had previously closed at $94.14.

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

The company has a 50 day moving average of $96.08 and a 200 day moving average of $97.07.

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

Several hedge funds and other institutional investors have recently modified their holdings of CORP. Integrated Wealth Concepts LLC increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 156.0% in the third quarter. Integrated Wealth Concepts LLC now owns 22,235 shares of the company’s stock valued at $2,211,000 after acquiring an additional 13,549 shares during the last quarter. Private Trust Co. NA increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 146.6% in the third quarter. Private Trust Co. NA now owns 1,085 shares of the company’s stock valued at $108,000 after acquiring an additional 645 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 52.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 909,903 shares of the company’s stock valued at $90,490,000 after acquiring an additional 311,884 shares during the last quarter. Graypoint LLC increased its position in shares of 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 acquiring an additional 2,603 shares during the last quarter. Finally, Financial Freedom LLC increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.1% in the third quarter. Financial Freedom LLC now owns 19,634 shares of the company’s stock valued at $1,953,000 after acquiring an additional 1,474 shares during the last quarter.

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.