PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Stock Passes Above Fifty Day Moving Average – Here’s Why

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $97.35 and traded as high as $97.59. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund shares last traded at $97.17, with a volume of 43,815 shares changing hands.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Down 0.2 %

The company has a fifty day moving average price of $97.35 and a two-hundred day moving average price of $96.97.

Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently modified their holdings of CORP. Comerica Bank grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 101.0% during the first quarter. Comerica Bank now owns 5,517 shares of the company’s stock worth $530,000 after buying an additional 2,772 shares in the last quarter. Evensky & Katz LLC grew its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 63.0% during the 2nd quarter. Evensky & Katz LLC now owns 32,774 shares of the company’s stock worth $3,116,000 after acquiring an additional 12,670 shares in the last quarter. Graypoint LLC grew its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.2% during the 2nd quarter. Graypoint LLC now owns 36,057 shares of the company’s stock worth $3,428,000 after acquiring an additional 1,449 shares in the last quarter. Tsfg LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% in the third 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. Finally, Farther Finance Advisors LLC lifted its position in shares of 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 purchasing an additional 7,507 shares in 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.