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

Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw unusually-strong trading volume on Wednesday. Approximately 216,081 shares were traded during trading, an increase of 103% from the previous session’s volume of 106,235 shares. The stock last traded at $91.57 and had previously closed at $91.70.

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

The stock’s 50-day moving average price is $93.98 and its 200 day moving average price is $95.62.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CORP. RMG Wealth Management LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 1st quarter worth $77,000. Ruggiero Investments Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at about $212,000. Arkadios Wealth Advisors increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% in the first quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock worth $305,000 after purchasing an additional 547 shares during the period. Bank of New York Mellon Corp increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the first quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock worth $1,105,000 after purchasing an additional 3,198 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 43.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,135 shares of the company’s stock worth $1,757,000 after purchasing an additional 5,806 shares during the last quarter.

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.