PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Strong Trading Volume – Here’s Why

Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw strong trading volume on Monday . 213,548 shares were traded during mid-day trading, an increase of 117% from the previous session’s volume of 98,252 shares.The stock last traded at $93.88 and had previously closed at $94.14.

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

The stock has a 50-day simple moving average of $96.08 and a 200 day simple moving average of $97.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CORP. Private Trust Co. NA boosted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 146.6% in the 3rd quarter. Private Trust Co. NA now owns 1,085 shares of the company’s stock worth $108,000 after purchasing an additional 645 shares during the last quarter. Tsfg LLC boosted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% in the 3rd quarter. Tsfg LLC now owns 2,703 shares of the company’s stock worth $269,000 after purchasing an additional 134 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 531.7% in the 3rd 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 during the last quarter. Financial Freedom LLC boosted its position in shares of 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 during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 156.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 22,235 shares of the company’s stock worth $2,211,000 after purchasing an additional 13,549 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.