PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Trading 0% Higher – Should You Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares rose 0% on Wednesday . The company traded as high as $97.13 and last traded at $96.91. Approximately 44,211 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 64,763 shares. The stock had previously closed at $96.89.

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

The business has a 50-day moving average of $98.55 and a 200 day moving average of $96.51.

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

Several hedge funds have recently bought and sold shares of the company. Tsfg LLC grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% during the 3rd quarter. Tsfg LLC now owns 2,703 shares of the company’s stock valued at $269,000 after purchasing an additional 134 shares during the last quarter. Comerica Bank grew its stake in shares of 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 worth $530,000 after buying an additional 2,772 shares during the last quarter. BNP Paribas bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter valued at $855,000. 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 worth $887,000 after buying an additional 7,507 shares during the last quarter. Finally, Financial Freedom LLC lifted its position in 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 acquiring 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.