PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) saw strong trading volume on Monday. 822,113 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 366,042 shares. The stock last traded at $49.5150 and had previously closed at $49.81.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance
The stock’s 50-day simple moving average is $51.26 and its 200 day simple moving average is $51.96.
Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of institutional investors and hedge funds have recently made changes to their positions in MUNI. Ascentis Independent Advisors acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at approximately $1,261,000. Princeton Global Asset Management LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.8% in the first quarter. Princeton Global Asset Management LLC now owns 17,498 shares of the company’s stock valued at $913,000 after purchasing an additional 804 shares during the period. Morton Brown Family Wealth LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.2% during the first quarter. Morton Brown Family Wealth LLC now owns 180,642 shares of the company’s stock worth $9,428,000 after purchasing an additional 10,466 shares in the last quarter. Foster & Motley Inc. lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 15.1% during the first quarter. Foster & Motley Inc. now owns 141,690 shares of the company’s stock worth $7,395,000 after purchasing an additional 18,596 shares in the last quarter. Finally, Provenance Wealth Advisors LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth $156,000.
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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.
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