PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Stock Price Up 0.1% – Here’s Why

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares traded up 0.1% during mid-day trading on Friday . The stock traded as high as $96.41 and last traded at $96.26. 35,842 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 65,142 shares. The stock had previously closed at $96.14.

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

The stock’s 50-day simple moving average is $97.70 and its 200 day simple moving average is $96.82.

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

Large investors have recently made changes to their positions in the stock. Private Trust Co. NA lifted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 146.6% during the third quarter. Private Trust Co. NA now owns 1,085 shares of the company’s stock worth $108,000 after purchasing an additional 645 shares in the last quarter. Tsfg LLC increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% during the third quarter. Tsfg LLC now owns 2,703 shares of the company’s stock worth $269,000 after acquiring an additional 134 shares during the period. Comerica Bank raised its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 101.0% in the 1st quarter. Comerica Bank now owns 5,517 shares of the company’s stock valued at $530,000 after purchasing an additional 2,772 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 531.7% in the third quarter. Farther Finance Advisors LLC now owns 8,919 shares of the company’s stock valued at $887,000 after acquiring an additional 7,507 shares in the last quarter. Finally, Financial Freedom LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.1% in the 3rd quarter. Financial Freedom LLC now owns 19,634 shares of the company’s stock valued at $1,953,000 after purchasing an additional 1,474 shares in 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.