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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) shares saw unusually-high trading volume on Friday . Approximately 196,337 shares traded hands 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 Stock Down 0.3 %

The stock has a 50 day moving average price of $98.48 and a 200 day moving average price of $96.52.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Graypoint LLC acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth $3,324,000. Evensky & Katz LLC raised its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 63.0% during the second quarter. Evensky & Katz LLC now owns 32,774 shares of the company’s stock worth $3,116,000 after purchasing an additional 12,670 shares during the period. BNP Paribas acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth $855,000. Farther Finance Advisors LLC raised its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 531.7% during 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 during the period. Finally, Comerica Bank raised its position 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 purchasing an additional 2,772 shares during the period.

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.