PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Stock Price Down 0.4% – What’s Next?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s stock price dropped 0.4% on Friday . The company traded as low as $97.78 and last traded at $97.87. Approximately 46,822 shares were traded during trading, a decline of 30% from the average daily volume of 66,616 shares. The stock had previously closed at $98.23.

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

The company’s 50 day moving average is $98.58 and its two-hundred day moving average is $97.66.

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

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 99.3% during the 1st quarter. NewEdge Advisors LLC now owns 128,314 shares of the company’s stock worth $12,417,000 after acquiring an additional 63,931 shares in the last quarter. Flow Traders U.S. LLC increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 852.1% in the second quarter. Flow Traders U.S. LLC now owns 70,210 shares of the company’s stock worth $6,832,000 after purchasing an additional 62,836 shares during the last quarter. Summit Financial LLC bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the first quarter worth $2,758,000. Evensky & Katz LLC raised its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.1% during the third quarter. Evensky & Katz LLC now owns 38,475 shares of the company’s stock valued at $3,794,000 after purchasing an additional 16,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter valued at $1,034,000.

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.