PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) shares saw strong trading volume on Tuesday. 557,262 shares were traded during trading, an increase of 19% from the previous session’s volume of 466,474 shares. The stock last traded at $49.9910 and had previously closed at $49.89.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance
The stock has a 50-day simple moving average of $50.83 and a 200 day simple moving average of $51.77.
Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
Several large investors have recently made changes to their positions in MUNI. Steel Grove Capital Advisors LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth about $1,296,000. Steph & Co. lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 17.6% during the 3rd quarter. Steph & Co. now owns 82,113 shares of the company’s stock valued at $4,080,000 after purchasing an additional 12,287 shares during the period. Worth Asset Management LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at about $296,000. First Community Trust NA bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at about $182,000. Finally, Sterling Investment Advisors Ltd. boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 43.8% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 65,700 shares of the company’s stock valued at $3,456,000 after purchasing an additional 20,000 shares during the last quarter.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile
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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