PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Shares Pass Above 50 Day Moving Average – Should You Sell?

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $97.35 and traded as high as $97.59. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund shares last traded at $97.17, with a volume of 43,815 shares trading hands.

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

The firm’s 50 day simple moving average is $97.31 and its 200-day simple moving average is $96.97.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several large investors have recently made changes to their positions in the business. Tsfg LLC lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 5.2% in the third quarter. Tsfg LLC now owns 2,703 shares of the company’s stock worth $269,000 after acquiring an additional 134 shares during the last quarter. Private Trust Co. NA increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 146.6% during the third quarter. Private Trust Co. NA now owns 1,085 shares of the company’s stock valued at $108,000 after acquiring an additional 645 shares during the period. Graypoint LLC grew its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.2% in the 2nd quarter. Graypoint LLC now owns 36,057 shares of the company’s stock valued at $3,428,000 after purchasing an additional 1,449 shares during the period. Financial Freedom LLC boosted its holdings 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 acquiring an additional 1,474 shares in the last quarter. Finally, Comerica Bank lifted its stake 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 valued at $530,000 after acquiring an additional 2,772 shares during the period.

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.