PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Reaches New 52-Week High – Time to Buy?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $99.60 and last traded at $99.40, with a volume of 54209 shares trading hands. The stock had previously closed at $99.36.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Up 0.0%

The firm’s 50 day simple moving average is $98.33 and its 200 day simple moving average is $96.78.

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

Several large investors have recently made changes to their positions in CORP. Golden State Wealth Management LLC increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.4% in the first quarter. Golden State Wealth Management LLC now owns 2,102 shares of the company’s stock valued at $203,000 after purchasing an additional 890 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the first quarter valued at approximately $208,000. Duncan Williams Asset Management LLC bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the second quarter worth approximately $223,000. Elyxium Wealth LLC bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth approximately $320,000. Finally, Capital & Planning LLC bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth approximately $323,000.

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.