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

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

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CORP. NewEdge Advisors LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 99.3% during the 1st quarter. NewEdge Advisors LLC now owns 128,314 shares of the company’s stock valued at $12,417,000 after purchasing an additional 63,931 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 852.1% during the 2nd quarter. Flow Traders U.S. LLC now owns 70,210 shares of the company’s stock valued at $6,832,000 after purchasing an additional 62,836 shares in the last quarter. Summit Financial LLC bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at $2,758,000. Evensky & Katz LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 242.1% during the 2nd quarter. Evensky & Katz LLC now owns 22,231 shares of the company’s stock valued at $2,163,000 after purchasing an additional 15,732 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at $1,034,000.

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.