PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) was up 0.1% during trading on Monday . The company traded as high as $51.95 and last traded at $51.92. Approximately 82,418 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 152,179 shares. The stock had previously closed at $51.89.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance
The stock has a 50 day moving average of $52.32 and a 200 day moving average of $51.83.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $6,202,000. Legacy Financial Advisors Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth $3,451,000. Orrstown Financial Services Inc. acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $1,980,000. Steph & Co. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 62.8% in the fourth quarter. Steph & Co. now owns 91,619 shares of the company’s stock valued at $4,837,000 after acquiring an additional 35,330 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth about $1,472,000.
About PIMCO Intermediate Municipal Bond Exchange-Traded Fund
PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).
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