PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sets New 12-Month Low – Here’s Why

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $94.37 and last traded at $94.4550, with a volume of 1836 shares. The stock had previously closed at $95.09.

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

The business’s fifty day moving average is $95.61 and its two-hundred day moving average is $96.61.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CORP. NewEdge Advisors LLC raised its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% during the 3rd 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 during the period. Evensky & Katz LLC boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 30.0% during the fourth quarter. Evensky & Katz LLC now owns 50,020 shares of the company’s stock worth $4,894,000 after buying an additional 11,545 shares during the period. Wayfinding Financial LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth $4,126,000. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 3,217 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock valued at $3,592,000 after acquiring an additional 1,121 shares during the last quarter.

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.