PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Volume Increase – Here’s What Happened

Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw unusually-high trading volume on Friday . Approximately 196,337 shares were traded during trading, an increase of 201% from the previous session’s volume of 65,237 shares.The stock last traded at $96.10 and had previously closed at $96.27.

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

The firm has a 50 day moving average of $98.42 and a two-hundred day moving average of $96.57.

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

A number of hedge funds have recently made changes to their positions in CORP. Graypoint LLC lifted its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.2% in the 3rd quarter. Graypoint LLC now owns 38,660 shares of the company’s stock valued at $3,845,000 after acquiring an additional 2,603 shares during the last quarter. Financial Freedom LLC increased its holdings 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 worth $1,953,000 after purchasing an additional 1,474 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 purchasing an additional 7,507 shares during the last quarter. Tsfg LLC boosted its stake 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 valued at $269,000 after purchasing an additional 134 shares in the last quarter. Finally, Evensky & Katz LLC boosted its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 20.3% during the third quarter. Evensky & Katz LLC now owns 39,440 shares of the company’s stock valued at $3,922,000 after purchasing an additional 6,666 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.