PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – Here’s What Happened

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares saw an uptick in trading volume on Friday . 316,688 shares changed hands during trading, an increase of 216% from the previous session’s volume of 100,356 shares.The stock last traded at $50.6550 and had previously closed at $50.67.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0%

The company’s fifty day simple moving average is $50.49 and its 200 day simple moving average is $50.44.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is an increase from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares during the last quarter. Captrust Financial Advisors lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% in the third quarter. Captrust Financial Advisors now owns 956,854 shares of the company’s stock worth $48,388,000 after buying an additional 432,791 shares during the last quarter. Davis R M Inc. raised its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock worth $3,667,000 after buying an additional 4,147 shares during the period. Flow Traders U.S. LLC bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter worth about $2,770,000. Finally, AIFG Consultants Ltd. raised its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.7% in the 3rd quarter. AIFG Consultants Ltd. now owns 47,712 shares of the company’s stock valued at $2,413,000 after purchasing an additional 5,371 shares in the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).