PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Hits New 12-Month Low – Here’s Why

Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $94.37 and last traded at $94.4550, with a volume of 1836 shares changing hands. The stock had previously closed at $95.09.

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

The company has a 50 day simple moving average of $95.50 and a 200 day simple moving average of $96.55.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter valued at approximately $54,000. RMG Wealth Management LLC acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the first quarter worth $77,000. Triumph Capital Management acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter worth $155,000. Ruggiero Investments Inc. purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $212,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $255,000.

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.