PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) traded up 0% during mid-day trading on Monday . The stock traded as high as $50.34 and last traded at $50.30. 123,766 shares traded hands during trading, an increase of 8% from the average daily volume of 115,008 shares. The stock had previously closed at $50.29.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0%
The stock’s fifty day simple moving average is $50.33 and its 200 day simple moving average is $50.46.
Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
A number of hedge funds have recently modified their holdings of SMMU. AIFG Consultants Ltd. grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the 4th quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock worth $2,488,000 after buying an additional 1,620 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $242,000. Essex Bank purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at about $300,000. Strategic Wealth Partners Ltd. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at about $582,000. Finally, XP Advisory US Inc. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at about $605,000.
About PIMCO Short Term Municipal Bond Exchange-Traded Fund
PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances 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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