Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP – Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $93.25 and last traded at $93.2520, with a volume of 19704 shares trading hands. The stock had previously closed at $93.86.
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.5%
The stock’s 50 day moving average price is $94.68 and its two-hundred day moving average price is $95.99.
Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CORP. Bank of New York Mellon Corp lifted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after buying an additional 3,198 shares in the last quarter. Ruggiero Investments Inc. purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth approximately $212,000. RMG Wealth Management LLC acquired a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter valued at approximately $77,000. Finally, Arkadios Wealth Advisors raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the first quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock valued at $305,000 after acquiring an additional 547 shares during 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.
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