PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sets New 52-Week Low – Time to Sell?

Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) reached a new 52-week low on Wednesday . The stock traded as low as $95.34 and last traded at $95.3510, with a volume of 1199 shares trading hands. The stock had previously closed at $95.63.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.1%

The stock’s 50 day moving average is $96.40 and its two-hundred day moving average is $97.21.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 9.4% during the second quarter. JPMorgan Chase & Co. now owns 37,601 shares of the company’s stock valued at $3,659,000 after purchasing an additional 3,217 shares in the last quarter. Ameriprise Financial Inc. raised its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 22,474 shares of the company’s stock worth $2,187,000 after buying an additional 1,840 shares in the last quarter. Triumph Capital Management bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter worth approximately $155,000. NewEdge Advisors LLC lifted its holdings 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 worth $17,744,000 after buying an additional 35,651 shares during the period. Finally, Keystone Financial Group lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% during the third quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock worth $287,000 after buying an additional 129 shares during the period.

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.